Apple has filed a patent for person-to-person transactions

[jos]

First, the user opens their Wallet app, chooses which of the credit cards stored there they want to use to make the payment, and type in the amount they would like to pay. The payment can be authenticated using a fingerprint or the iPhone's passcode. The system would also let the person paying pick the recipient from nearby iPhone users. Then, an encrypted payment "packet" is sent to the person receiving the payment, including the payment amount, verification and a payment "credential," which could represent the sender's credit card details.

 

 

I guess TIM Cook have not heard of Paypal, Venmo etc...Apple doesn't always create the technology it patents, and could just be trying to stop a competitor using it.

 

Source: http://www.itproportal.com/2015/07/03/apple-patents-person-to-person-transactions/

[christianled59]

How can they patent this? 

[ozziestig]

When I read the title I thought apple where patenting how we already pay for goods and services.

[The Great Sayain Man]

I guess TIM Cook has not heard of Paypal, Venmo etc...Apple never create the technology it patents, and are trying to stop a competitor using it.

 

Source: http://www.itproportal.com/2015/07/03/apple-patents-person-to-person-transactions/

Ftfy.

[themaniac]

How can they patent this?

agreed

[EpicGeekonFire]

How can they patent this? 

It is the transfer of money through Apple's wallet ecosystem to local users. 

 

That's why I assume. 

[christianled59]

It is the transfer of money through Apple's wallet ecosystem to local users. 

 

That's why I assume. 

So they're not patenting the general idea of person to person transactions. Just their way of doing it. That would make sense but the way op is worded it is a bit misleading.

[TheKDub]

wat.

 

So what exactly is apple trying to patent?

[jos]

How can they patent this? 

nearby iPhone users... meaning  it check for proximity.. i guess that is y

[Beskamir]

I hope the patent is more specific. The last thing we want is Apple suing everyone for direct transfers of currencies.

[Unlikelyjoker]

Might as well patent online banking too.

[Atmos]

Knowing apple, they will out of the box begin suing Paypal, trying to drive them out of business. 

 

Good fucking game apple. I honestly hope that god forsaken company goes under in my lifetime just so i can yuk it up. Much the same with IGN and Facebook.

[Suika]

That would make sense but the way op is worded it is a bit misleading.

The way OP worded it was to make Apple look evil, or OP just didn't read the very article he posted.

They're protecting their already existing technology and the technologies that they use with Apple Pay, they aren't patenting PayPal's or other's money transferring systems. Does OP really think PayPal wouldn't already have their own methods patented and protected? Please, Apple isn't the only company in the world to use the patent system, far from it.

[evilarceus]

When I think of Apple, this is what I think of:

Feel free to use it in any Apple argument

[Suika]

I hope the patent is more specific. The last thing we want is Apple suing everyone for direct transfers of currencies.

It's fairly specific, the only real potential offenders would be if Android Pay adopted the feature or a third party app ported it over to Android.

Knowing apple, they will out of the box begin suing Paypal, trying to drive them out of business.

How and why would they sue PayPal? The patent fully describes the money transfer as being wirelessly between two cellular devices within proximity of each other, with details of the process not at all describing PayPal's. Apple would have no case, and waste their money if they were to sue PayPal.

People hate Apple cuz their phones aren't as nice as iPhones lol.

[Beskamir]

People hate Apple cuz their phones aren't as nice as iPhones lol.

I'm sorry but that's not why I dislike Apple. I dislike them because they have a history of overcharging for their stuff which they exploit people in developing countries to produce for them and which does not cost them even a fraction of what they charge for it. Not to mention that they promote their own very tightly controlled ecosystems as being the best in the entire world since clearly everyone wants a locked ecosystem... Also they try to appear as though they are supposedly helping the world while they are simultaneously abusing human rights in developing countries to create their products at the lowest possible price. As such I consider them to be utterly despicable.

[jos]

It's fairly specific, the only real potential offenders would be if Android Pay adopted the feature or a third party app ported it over to Android.

How and why would they sue PayPal? The patent fully describes the money transfer as being wirelessly between two cellular devices within proximity of each other, with details of the process not at all describing PayPal's. Apple would have no case, and waste their money if they were to sue PayPal.

People hate Apple cuz their phones aren't as nice as iPhones lol.

I can open my paypal app, chooses which of the credit cards stored there I want to use to make the payment, and type in the amount I would like to pay. The payment can be authenticated using a passcode. The system would also let me pick the recipient if he is nearby or away. Then, an encrypted payment "packet" is sent to the person's app receiving the payment, including the payment amount, verification and a payment "credential,"  /is this a problem.

[Tech_Dreamer]

wait, so tomorrow if i exchange money out in the open with someone apple has the right to sue me or anyone else under patent infringement?

[LAwLz]

For those interested, here is Apple's exact wording on what they are patenting:

Using electronic devices (such as cellular telephones) that communicate wirelessly, two individuals can make person-to-person payments. In particular, an individual using an electronic device may identify another proximate electronic device of a counterparty in a financial transaction, and may provide an encrypted payment packet to the other electronic device that includes: a financial credential for a financial account of the individual, a payment amount, and a payment sign.

 

When the other electronic device receives the encrypted payment applet, the counterparty may accept the payment in the financial transaction specified by the encrypted payment packet. Then, the other electronic device may provide the encrypted payment packet and other encrypted payment packet (with a financial credential for a financial account of the counterparty, the payment amount and the opposite payment sign) to a third party that completes the financial transaction.

 

Sounds very, very similar to a lot of already existing things. Knowing Apple, they might just try and go after a bunch of already existing things and sue them. Although they seems to have cut back on that since Jobs died so maybe they won't abuse the absurd powers the patent office has once again granted them.

[Trik'Stari]

Apple......just go ahead and patent the idea of money, then sue the entire planet for royalties. (the sad thing is, it's not that hard to believe they might have already thought of that)

[jaggysnake57]

I'm sorry but that's not why I dislike Apple. I dislike them because they have a history of overcharging for their stuff which they exploit people in developing countries to produce for them and which does not cost them even a fraction of what they charge for it. Not to mention that they promote their own very tightly controlled ecosystems as being the best in the entire world since clearly everyone wants a locked ecosystem... Also they try to appear as though they are supposedly helping the world while they are simultaneously abusing human rights in developing countries to create their products at the lowest possible price. As such I consider them to be utterly despicable.

 

you have just described half of all companies that exsist in the world to day and yet apple are the devil?  

 

i looks like apple applying there airdrop method to money transfers...sounds good and i look forward to seeing how it works

[Simons]

It's fairly specific, the only real potential offenders would be if Android Pay adopted the feature or a third party app ported it over to Android.

How and why would they sue PayPal? The patent fully describes the money transfer as being wirelessly between two cellular devices within proximity of each other, with details of the process not at all describing PayPal's. Apple would have no case, and waste their money if they were to sue PayPal.

People hate Apple cuz their phones aren't as nice as iPhones lol.

 

We hate them because they are the celluar version of Beats by Dre. Overcharged items, who are in general crap, just look at the One Plus One when it launched side by side with the iPhone, they had pretty much same specs, however One Plus One costed 1/3 of the iPhone, and it has been praised by even LTT and others to be a good phone.

 

Further more, Apple introduces brain damage to youngsters, making them think that its cool to own Apple products for the sake of fasion wear, when it should be technology related. My younger cousin just got a Macbook and she is just a fraction of those who want a Macbook because its fasion wear and status.

 

By the way, you can create a really good product and take money for it, but when you just do ''minor'' changes that nobody will actually use and just bump the price for the sake of ''fuck it, people are retarded they'll pay for it'', you're no good.

 

 

[Albatross]

wat.

 

So what exactly is apple trying to patent?

 

This.

 

Can someone explain this please? I'm having a bit of trouble understanding...

[LAwLz]

This.

 

Can someone explain this please? I'm having a bit of trouble understanding...

This is what they seem to be patenting:

You open the Apple Pay app and get a list of nearby Apple Pay enabled devices (or maybe you use NFC). You select the one you want to pay to. The one you selected gets a message on their device telling them they are about to get a payment. They confirm and then both devices contacts Apple and they handle the money being transferred between the bank accounts.

 

The only thing I see as different from the many competitors (such as the Swish app developed by a bunch of Nordic banks in a collaboration) is the "proximity" part instead of for example a phone number (Swish) or an account name (Facebook, Gmail, PayPal etc).

 

But like always the wording is very vague and the "proximity" part is handled by "radio" and it uses "wireless signals", which might as well mean just any cellular data connection, and in that case even PayPal will be infringing on Apple's patent. The diagram itself doesn't even specify that the two devices has to be near each other.

Some of the things in the whole process are marked (optional) as well, so like always the patent will probably cover far more cases than Apple might implement it as.

[Xsilent(X)]

to bad Apple Facebook was before you! You can pay a friend to friend with you're phone or on the web!