[bsaul]

A few counterpoints to having your phone used as a payment device :

- it breaks more easily and wears out quicker than a card

- you can't lend it to a friend to have him buy stuff for you ( i don't have a pass id iphone so maybe i'm wrong on this one)

- it gets stolen more often because it has intrisic value ( and a big one for the iphone)

- if it gets stolen, how are you going to call your bank to disable it ?

Plus, retrieving fingerprints from a stolen iphone was demonstrated last year and seems pretty easy. Now that iphones will be used to pay, you can expect criminals to get very familiar with the technic very fast.

[jhgg]

>- it breaks more easily and wears out quicker than a card

I don't know about you, but personally I use my phone far more all of my credit cards combined on a daily basis. Is pulling out my phone to process a transaction going to add additional ware to it? Probably not. It's most likely out already from me using it while waiting in line.

[a_c_s]

It would be great if the HN crowd would stop critiquing things before learning how they work.

- If your iPhone gets stolen then you deactivate it via Apple's existing Find My Phone feature. Deactivating your device will block payments but you won't have to talk to your bank nor will you have to get the cards themselves replaced.

- You can use a password instead of the thumbprint to pay. So you could indeed lend your phone and password to somebody for them to buy things for you. Or you could just reimburse your friend for whatever they purchased.

- People already have a working smartphone on their person at nearly all times, I don't see how "wearing out more easily" is much of a critique. Nobody is suggesting that once somebody starts using ApplePay they destroy the corresponding physical card.

[djrogers]

1) Hasn't been my experience, and when it does break a) I can get it replaced in hours not days, and b) I still have my card as a backup

2) that's not allowed by your existing cardholder agreements anyway, but if you need to do so, just give your friend your actual card

3) Demonstrably false - my CC has been replaced by my bank multiple times due to large data breaches, but my iPhone has never been stolen

4) you don't - you use Find My iPhone to disable it and your original card still works because your phone has been using tokens and one-time crypto for transactions.

[JakaJancar]

> - it gets stolen more often because it has intrisic value ( and a big one for the iphone)

Not really, if you can't activate it.

- if it gets stolen, how are you going to call your bank to disable it ?

You'll go to icloud.com and deactivate it yourself.

[iknowthissuff2]

#2) You can attach multiple tokens to a card. If you want to go through with it I supposed you could attach it to your friends phone... or just give them your card because you will still have that.

#4) You call your bank and they don't allow that token to be used anymore, pretty simple really.

You don't even have to change cards because all they got was the token, which can only be used where you authorized it, once. So if someone gets the token it's pretty useless.