Apple Pay For the UK

An anonymous reader writes about when Apple Pay will be available in the UK. "A major UK bank's concern over data collected by Apple Pay is reportedly stalling negotiations to launch the mobile payments service in the country by 'the first half of 2015.' The Telegraph reports that 'at least one' of the UK's biggest banks is 'uncomfortable with the amount of personal and financial information Apple wants to collect about its customers.' Apple has been adamant about its approach to collecting users' data via Apple Pay. 'We are not in the business of collecting your data,' said Apple exec Eddy Cue when introducing the service in September. 'So when you go to a physical business and use Apple Pay, Apple doesn't know what you bought, where you bought it, or how much you paid for it. The transaction is between you, the merchant, and your bank.'"

Comments

Bank wants data

[danomatika]

Maybe the issue is really that the BANK wants that data and Apple isn't giving it to them ...

Typical "Big Lie"

[Thagg]

What the banks are really concerned about is not that Apple is collecting information, but that their customers will realize the opposite -- that using Apple pay is far more secure than other systems. If people start waking up to the fact that all of the information merchants are getting from credit cards can and will be used against them; then systems like Apple Pay are going to destroy the status quo.

What better way to try to stop this then by spouting a Big Lie? The banks are saying that they are worried that Apple is collecting too much information. If they can seed doubt into customers for long enough, then they may succeed in killing it.

Amount could be reduced, not increased...

[SuperKendall]

."It is understood the bank is uncomfortable with the amount of personal and financial information Apple wants to collect about its customers. "

Do realize that they could be uncomfortable because the amount of data Apple wants to collect is greatly REDUCED from what credit cards collect - the statement does not state which direction of the amount goes.