I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
I have my doubts too, but will likely use Apple Pay after it is up and running for a while.
What I do not like is if something goes wrong, it could go very wrong.
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
What are you doubts? What could go wrong that already can't go wrong with the current payment card system?
Do tell us oh wise one what the fundamental problems are? And how are you safer handing over a credit card to a waitress or cashier than using Apple Pay?
I have had my identity stolen, at no fault of mine, and it cost me over $3000 in lawyer fees to get it fixed.
I understand fully how it works and like I said, I will likely use it in the future. It will be a while before most of the retailers are up and running with it. My Wells Fargo bank is ready.
I would like to see how resturants handle this, there are things that will need to be ironed out.
It was featured in Harvard's newsletter.
"It's a chicken-and-egg conundrum. Millions of shoppers have used cards for years, with little hassle. Edelman points out that people will continue to carry cards even if digital payments gain some traction, so the barrier to overcome for mass acceptance is even higher.
Edelman has studied Bitcoin, a software-based online payment system, and he sees similarities between technology adoption roadblocks Bitcoin has encountered and issues Apple Pay is likely to face.
"Apple Pay has the same problems as Bitcoin: There's no reason for the regular consumer to use it," he says. "Why would a consumer want to make a $100 purchase with Bitcoin when the consumer can pay with a credit card and get 2 percent cash back?"
http://hbswk.hbs.edu/item/7580.html
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.
"Apple Pay has the same problems as Bitcoin: There's no reason for the regular consumer to use it," he says. "Why would a consumer want to make a $100 purchase with Bitcoin when the consumer can pay with a credit card and get 2 percent cash back?"[/i]
http://hbswk.hbs.edu/item/7580.html
The main thing of it is, Apple pay is less likely to be adopted because it's too proprietary. Plus, Apple phones die so often that it doesn't make a good payment instrument.
Payment cards have nothing to do with identity theft. If your credit card information is stolen it is a risk for credit card fraud (fraudulent transactions). And those are generally 100% covered by your credit card provider. Identity theft is when your SSN or drivers' license or other identifying information is stolen and then used to take out loans or open accounts in your name and your credit gets ruined. But someone using your credit card to make fraudulent purchases is not the same thing and you generally have zero liability. The credit card is deactivated and you are issued a new one.
And guess what, you have much more chance of credit card fraud under the current system. Apple Pay is a gazillion times more secure.
It was featured in Harvard's newsletter.
"It's a chicken-and-egg conundrum. Millions of shoppers have used cards for years, with little hassle. Edelman points out that people will continue to carry cards even if digital payments gain some traction, so the barrier to overcome for mass acceptance is even higher.
Edelman has studied Bitcoin, a software-based online payment system, and he sees similarities between technology adoption roadblocks Bitcoin has encountered and issues Apple Pay is likely to face.
"Apple Pay has the same problems as Bitcoin: There's no reason for the regular consumer to use it," he says. "Why would a consumer want to make a $100 purchase with Bitcoin when the consumer can pay with a credit card and get 2 percent cash back?"
http://hbswk.hbs.edu/item/7580.html
It had nothing to do with credit cards, I had someone open multiple acounts at large retail stores and make large purchases. Who ever they were, they had everything. SSN, DL, home address, even mothers maiden name.
After all I went though I do not need a lecture about fraud from anyone.
Like I said, I will likely use Apply Pay but I am not waiting to be first in line opening day! I will let all the others enjoy! I know the Apple people thinks this will change the world but there are many products getting ready to compete! Not eveyone owns an iPhone much less one that will do Apple Pay.
The main thing of it is, Apple pay is less likely to be adopted because it's too proprietary. Plus, Apple phones die so often that it doesn't make a good payment instrument.
It was featured in Harvard's newsletter.
"It's a chicken-and-egg conundrum. Millions of shoppers have used cards for years, with little hassle. Edelman points out that people will continue to carry cards even if digital payments gain some traction, so the barrier to overcome for mass acceptance is even higher.
Edelman has studied Bitcoin, a software-based online payment system, and he sees similarities between technology adoption roadblocks Bitcoin has encountered and issues Apple Pay is likely to face.
"Apple Pay has the same problems as Bitcoin: There's no reason for the regular consumer to use it," he says. "Why would a consumer want to make a $100 purchase with Bitcoin when the consumer can pay with a credit card and get 2 percent cash back?"
http://hbswk.hbs.edu/item/7580.html
It had nothing to do with credit cards, I had someone open multiple acounts at large retail stores and make large purchases. Who ever they were, they had everything. SSN, DL, home address, even mothers maiden name.
After all I went though I do not need a lecture about fraud from anyone. Not even a "cheerleader" for Apple Pay!
Like I said, I will likely use Apply Pay but I am not waiting to be first in line opening day! I will let all the others enjoy! I know the Apple people thinks this will change the world but there are many products getting ready to compete! Not eveyone owns an iPhone much less one that will do Apple Pay.
I'm one of those people who don't believe in Apple pay. It's not that I don't want to, but the problems with Apple pay are so fundamental that I don't see how they would try to push it as the holy grail. It's more like an accessory payment system.