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Re: Apple Pay

From: Mountie Lee <mountie@paygate.net>
Date: Wed, 10 Sep 2014 12:35:51 +0900
Message-ID: <CAE-+aYJ2WGptDfm_vsR9CBq5HTWstytoronZd3NydzaG=6=vew@mail.gmail.com>
To: Stuart Langridge <sil@kryogenix.org>
Cc: Kingsley Idehen <kidehen@openlinksw.com>, "public-webpayments@w3.org" <public-webpayments@w3.org>
Hi.
for the Apple Pay mechanisms,

will it be correct as following?

1. real credit card information is stored at Apple side (same to iTunes way)
2. when user try to pay at store, a token (which is generated by apple,
virtual credit card format?) is pass to merchant.
3. merchant send the token to their processor/acquirer
4. the participating banks will verify the token with Apple
5. settle money to merchant.

does Apple Pay always need connected environment?

regards
mountie


On Wed, Sep 10, 2014 at 7:31 AM, Stuart Langridge <sil@kryogenix.org> wrote:

> On Tuesday, 9 September 2014, Kingsley Idehen <kidehen@openlinksw.com>
> wrote:
>
>> On 9/9/14 1:57 PM, Stéphane Corlosquet wrote:
>>>
>>> Quoting:
>>> Our mission is to replace your wallet, starting by focusing on payments.
>>> ...
>>> Digging for your cards is antiquated.
>>> The magnetic stripe interface is outdated and insecure.
>>>
>>>
>> Yep!
>>
>> Just need to take a look at their APIs and other technical details.
>>
>> Apple is an important player in this space, for sure.
>>
>> Bear in mind that the antiquated magnetic stripe interface has already
> been cast aside in most places that aren't the USA. Here in the UK we've
> had contactless payment for years; it is not an exciting revolution, and we
> should be wary of presenting something that (frankly) drags the US into the
> 21st century as a thing that is super-important, because everyone else
> already has it.
>
>
>
> --
> New Year's Day --
> everything is in blossom!
> I feel about average.
>    -- Kobayashi Issa
>



-- 
Mountie Lee

PayGate
CTO, CISSP
Tel : +82 2 2140 2700
E-Mail : mountie@paygate.net
Received on Wednesday, 10 September 2014 03:36:39 UTC

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