Dvorak baselessly claims wave-to-pay iPhone users will be ‘screwed’

“There has been a lot of talk about the addition of an NFC (near field communication) chip to the next-gen iPhone. This will allow the phone to be used as a swipe-it-yourself credit card. I consider this technology to be the most onerous ever,” John C. Dvorak writes for PC Magazine.

“This ‘good idea’ isn’t about the convenience of paying with a phone swipe, but the idea of running your tab through the phone company,” Dvorak writes. “If you think your banker is a gouger with dubious fees and no-leeway, what do you think the phone company will be like? Yes, let AT&T handle all your money for you, and see how that works out in the end.”

Dvorak writes, “Do not let AT&T or Verizon or any phone company anywhere near your day-to-day financial transaction business! You’ve been warned.”

Full article here.

MacDailyNews Take: Speaking of screws, Dvorak’s tinfoil-covered head has more than a couple loose. Unlike Mr. Dvorak, we’ve decided to wait until (1) there actually is an iPhone that allows for NFC payments; and (2) the details of how transactions will be handled are presented, before we issue grim proclamations and dire warnings.

[Thanks to MacDailyNews Reader “Jeff T.” for the heads up.]

51 Comments

  1. What on earth makes him think the phone company will be involved with any transaction. No more than using an app to do your banking and pay your bills from your iPhone or iPad or even your desktop.
    Not thought through very carefully, John. What? You were late for a Tee-Off?

  2. Funny, every time Dvorak appears on twit.tv he’s always whinging that Leo won’t give him a free 11′ MacBook Air.

    Besides, if NFC comes to iOs devices won’t it access your iTunes account?

  3. Lets see how it might work. Swipe your phone and it makes a call to your bank or credit card company to see if its OK, then adds the fee. I think the phone company is then a dumb pipe. Any other suggestions on how it might work?

  4. I actually think he has a point and we should be careful of what charges for new technology emerge.

    In a pub at the weekend where they charge £1.50 if you want to use a card, because they get hit for 9 charges on each transaction.

    If the Telco’s add in another charge …….

  5. AT&T/Verizon will only be the carrier that will serve as an intermediate to transmit an encrypted transaction.

    While it may be true that a phone company should not be entrusted with your sensitive banking data, they will never have access to it.

    So, Andy, THINK BEFORE YOU SPREAD YOUR FUD™

  6. Wait hold the presses. Dvorak actually has a point or 2 correct. The banks are out to gouge us the phone companies should be trusted even less. Now to advise people not to use or even consider the tech just because one can’t imagine how it could be implemented is just fuddy-duddy. Oh wait it’s John. He is about as old and fuddy-duddy as they get in tech. No wonder he said this, it’s just too much for his old brain.

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