Visa just made it easier for the next iPhone to become a payment platform


  • Columbo

    So Visa had to invent a whole new method of paying just because iPhones can’t get with the times and add NFC?

    • It’s Me

      Nope, visa had to come up with a whole new system because the current ones are all lacking. This is a payment system. NFC can and likely will be a part of the system. But only a part and not a critical or mandatory part from the sounds of it.

      For instance, the new system includes online payments within the same tokenization infrastructure.

    • Columbo

      I was mostly kidding..

    • Karl Dagenais

      No, you were trolling and got your a*s handed to you.

    • pomplamoose


    • Columbo

      Haha nope. I was making fun of the ridiculous title of this article, which implies that this is a new mobile payment system for “Apple” just because they’re the only major platform that doesn’t currently have NFC. This tokenization solution can be used on any major platform very easily. There’s nothing uniquely “Apple” about it. But re-read the article and see how many times “Apple” and “iPhone” is mentioned as if it was made just for them. That’s the joke.

      Come on, was it really so complicated?

    • It’s Me

      You’re right, the article does lean too much toward this being an iPhone story. Mainly that’s because their source article did the same. But in the case of the original it was made sense because it was focused on the broader story that Apple has been working with visa and others. Aside from NFC, Apple wants a system that doesn’t risk compromising account info once the payment is made. Current systems don’t guarantee this, so Apple has apparently been designing such a system and may have been the catalyst for Visa suddenly dropping their current in development system and going in this direction.

      So while the MS story is too focused on the iPhone tie in, the source story may revolve closely to the iPhone but not because of anything related to lacking NFC.

    • Columbo

      In principle I totally agree with you (although I think every platform wants more security and if Apple was really a catalyst in this, the story does a poor job of elaborating on that.) But to your “nothing to do with NFC” point, I was making fun of lines like the this, quoted directly from the MS article:

      “Canadians can currently use select NFC-capable devices … but these are limited to Android, BlackBerry and Windows Phones”

      “While this ties into the likely NFC-deficient iPhone 6 in many ways…”

      “Apple products have heretofore been left out of the NFC-based mobile payment game, something of which Tim Cook and co. are keenly aware.”

      But anyway yeah I do agree with you, never disagreed actually.

    • Dapper

      Who exactly gets NFC mixed up as a payment solution? NFC is a portion of an existing solution that also includes an ultra secure back end. NFC alone is simply Near Field Communication. I’ve never heard anyone get it mixed up as a stand alone payment solution.

    • It’s Me

      Umm, it’s a part of lots of different back ends, none are perfect.

      Please, tell me about the ultra secure back end…

  • Dapper

    This is an add on solution so iphone users are included in digital payments. It’s by no means the best solution or the one with the highest level of security. So it is to be an iPhone user!

    • It’s Me

      That’s like saying your house is an add-on for your bathroom. No, it’s an entire infrastructure for various end points, including smartphones, with and without NFC.

      Did you read the article at all? Read it closely to see what this system actually is. The iPhone could not exist and Visa would still be pushing this system because it helps make payments more secure. Not because NFC may or may not be secure but because it still works like every other account based payment system we’ve had for the last century. You pay, your account gets recorded and passed on to the payment processors. They’ve secured this until now quite well, but it’s not perfect (see the Target breach). This system adds more security by completely changing how accounts are identified by point of sale system, by the retailer system and the backend. It never sends or records your account info, just a token. So, even a device that has NFC can and will benefit as much as any other as long as they can securely store and pass on the token. A discussion of NFC or not NFC is not really relevant here at all.

  • Dapper

    Only an iPhone user would state that NFC equipped phones. That can be used as a means of payment are lacking in some way. It’s the iphone that’s lacking.

  • Chris Wutherich

    Or you can just download a Bitcoin wallet and then your iPhone will be a mobile payment platform and you won’t be funding visa that ripps off merchants with that 3% of fees.