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N.B. I'm not advocating that 3DSecure usage would result in a better deal for the merchant given the negative impact on conversion for which Stripe have a fair point but liability shift should be part of the conversation

@Adam - I can see where Stripe are coming from with that but I think there is something quite missing from their answer there - liability shift. If fraud occurs and the merchant used 3DSecure then the liability for the fraud switches away from the merchant onto the consumers card issuer bank (e.g. by authenticating the transaction with 3DSecure, the card issuing bank is directly saying it is 'ok' to proceed). CVV/AVS check does not provide liability shift so presumably if using Stripe, merchants are liable and take the losses/fines from any Fraud?

As a general comment on this article, any idea why we are looking at 2013 data rather than anything more recent?

I like this idea but 35p a deposit seems far too high when someone could actually just do this with their current account (afterall you are trusting the main person with the card so why not just put it in their bank account for free).

I like the idea but I think it could maybe be implemented better with virtual accounts off a current account

@Debasis - I believe the apple watch and the iphone have different tokenised card numbers for the same card (the token is per card per device so the same card on two devices has different tokenised numbers) so its not possible for TFL to decide to support the seamless experience - it would have to be a change to ApplePay to use the same token however I believe that is deliberate design (e.g. one token per device so that they can be revoked easily if the device is lost/stolen/broken)

@Ashish you can 'pre-auth' a card for applepay by opening passbook, clicking a card and putting your thumb on prior to touching the gate as Alexander has noted before - when its pre-authed the speed of applepay at a gate is similar to that of a normal contactless card

Personally for me the compelling use of ApplePay isnt 'leaving my wallet at home', its not having to get my wallet out then get the appropriate card out - applepay is quicker for me and only uses 1 hand vs 2 required for the wallet. Additionally the phone running out of battery isnt really a concern - if my phone was running low and wouldnt last the journey I would just use the card for the whole journey rather than the phone. I dont really see how its practical to think that people could leave their wallet at home at this point (store cards, transactions above £20 for stores without high value contactless, stores that dont support contactless etc). I'm guessing if people surveyed regular users of ApplePay how many people leave their wallet at home the answer would be very low (e.g. I dont think its the real compelling usecase)

It was a pretty smart marketing move at least I think to be able to get extra promotion on the day it launches

Well if you haven't seen the press already, looks like at least Pret are offering transactions over £20 via ApplePay (they say limitless...!)

https://twitter.com/Pret/status/620916121995120640 

haha yes good point - I guess I was more interested that there was some technical solution in place rather than it being exactly the same system wise as a contactless payment - I would wonder whether anywhere has implemented it

NB not sure whether it came up before, but ApplePay can be used for transactions higher than £20 (it is not subject to the contactless limit if biometric auth is used) provided the merchants configure their terminals to support high value contactless:

From Visa Europes 'mythbusting mobile payments':

http://www.visaeurope.com/applepay/

http://www.visaeurope.com/media/images/mythbusting%20mobile%20payments%20-%20july%202015-73-27089.pdf

"Terminals have the ability to accept high value payments – payments over the £20
contactless threshold – provided that there is a cardholder verification (for example Touch ID as
is used in Apple Pay for all in-store transactions) and the retailer has activated the terminal to
accept high value mobile payments. While there may not be many places that accept high value
payments in the UK when Apple Pay launches, we expect the expansion of shops, cafés and
restaurants that accept these transactions to happen very quickly with mobile payment services
now increasingly commonplace across Europe."

True - i think we need to see how quick it is on the underground - i just think if the auth is quick it will be simpler than taking card in and out of wallet (which i do at the moment) - the operation is just holding a finger on it which isnt too hard (I do it automatically by now when i take out of pocket in order to unlock phone quickly)

In response to the 4th point about established contactless environment its arguable that using ApplePay is more convenient than a normal contactless card if you need to get the card out of a wallet.

To use ApplePay, you dont have to tap or swipe, you just have to have your thumb on the fingerprint reader (not press the button). So the process for using (e.g. on the tube) would be get phone out of pocked with finger on the button, wait for gate to open, put phone back in pocket. If you otherwise need to get your card out of a wallet then ApplePay is less friction.