from Hacker News

Overkill HN: Paying in the Age of the Smartphone

by itry on 9/10/14, 11:31 AM with 1 comments

So to pay a coffee via Apple Pay you need...

- A bank account

- A credit card linked to the bank account

- An iPhone

- An Apple account linked to the credit card

All this complexity. Why isn't the bank account enough? Starbucks could simply send "Please pay $3 to ...." via NFC, you tap "OK" on your banking app and you are done.

  • by jacquesm on 9/10/14, 11:52 AM

    How is the middle man going to get his cut?