Amex has two debit card-style cards: Serve and Bluebird. Check them out.
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Amex has two debit card-type products: Serve & Bluebird. Check them out.
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Apple Partnering With American Express on iPhone Mobile Payments Initiative [Updated]
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Amex has two debit card-style cards: Serve and Bluebird. Check them out.
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Amex has two debit card-type products: Serve & Bluebird. Check them out.
Apple and its partners will have to convince consumers that this is more convenient than using a credit card. Apple Stores are a case in point: buying things there is already very efficient if you know exactly what you want. As well, people will still carry credit cards because it'll take awhile for merchants to update their point-of-sale equipment to accept NFC payments.
But I still think that this is the right direction to go, especially if Apple can come up with ways to improve the NFC purchasing experience in other ways. And Amex is a good company to work with.
For those who question the value of credit cards, my response is that even if you pay your balance in full every month, other perks (such as doubling of warranties and loss/damage protection) are well worth it to me.
But I still think that this is the right direction to go, especially if Apple can come up with ways to improve the NFC purchasing experience in other ways. And Amex is a good company to work with.
For those who question the value of credit cards, my response is that even if you pay your balance in full every month, other perks (such as doubling of warranties and loss/damage protection) are well worth it to me.
For Bluetooth, u need to connect to that particular device which takes time.
But for nfc (assuming it's always switch on), u just tap the phone against the reader and it will auto launch the app.
That's pretty funny since all I do is bring out a credit card and someone took it and takes care of the rest. If that's an NFC card I don't even have to unlock it.
I would hope there would be a magical way for mobile payment that we didn't even have to be in a queue to pay for things.
And Amex's serve card already has an NFC integration with mostly Android phones called ISIS. An iPhone introduction might be a good time to rebrand it considering the recent connotation of that word.
Just my luck though....possible partnerships with Visa and Amex, and my current primary card is a MasterCard!
Just my luck though....possible partnerships with Visa and Amex, and my current primary card is a MasterCard!
The amex cards do offer many types of perks to purchasers. Just keep in mind that these always result in 1-2% more processing fees being charged to the person or company accepting payments. Some eat that cost, some pass it along by charging higher prices to the buyer, whether they state it or not. So you many not have saved as much as you think, as you might have paid more for the things you bought...
I don't like touching the germ infested pen to sign.
I don't like the paper receipt they hand you that I have to stuff somewhere and damage the earth.
I don't like paying by cash.
I LOVE getting emailed receipts.
I'm gonna love NFC payments!
ok ok I should have typed - won't be buying an iPhone 6 and I'm pissed apple didn't put NFC in the iPhone 5s when they knew they were going to go this route. Now my iPhone 5s is half functional. Thanks apple.
That might be the case overall, however no place I shop at explicitly charges more for cc purchases, so purchasing with cash/cc makes no difference. Granted, if nobody had a cc, things would probably be cheaper.
Although, saying that, one of the most costly things is handling cash (time spent counting, loss, banking costs, transport costs, etc), so there's probably not much in it compared to ccs these days.
in Europe we don't use american express.
It isn't used by very people here, either. As the article states, Apple is also working with Visa.
Yea.... and technically i think many locations have various rules about whether you can charge separate fees. So one solution, as you said, is to just charge overall higher prices. The other, something many businesses (probably not retail) do, is to just not accept amex. I get a lot of customers asking me if we can do amex... in a manner that suggests they are used to being told no.
Personally, i accept it and never try charging differently. I just accept that i lose more of the money.
I spent too much on credit cards when I was young. I even used student loans to pay them off. Now I use them to my advantage. I've had several international flights for free from my CC points. So CC can be both good and bad depending on if you have money.
Occasionally I see someone post about not using credit cards, and while I applaud the concept of “not buying what you can’t afford to pay for with cash”, I wonder how you navigate around modern life and activities? Hotels? Flights? Large purchases?
Just to be clear, I’m not being critical.
I get with certain online services, you could buy credit/gift cards and apply them (like iTunes), or back the service with a bank account (like PayPal), but there’s so many other goods and services I don’t see how you can engage with any level of convenience.
For example, we’re headed to Universal in a month or so (we’re “local” so no flight or rental car), but the onsite resort requires a CC to reserve the room in advance. Then in the room and park, if you want to convenience of room charges, that requires a CC to bill against, else you’re lugging cash around a pool and park, that’s easily lost.
Maybe they mean “rotating credit” vs. using a non-paper-money like a debit card[?]
When the Ford Model T came out people said the same thing. "I have yet to see anyone driving one of those 4 wheeled things" "Why would anyone want that when I already have several horses".
Keep thinking small. I'm happy for NFC in the new iPhone as it does WAY more than just mobile payments.
responsible with money and credit cards don't belong in the same sentence. The price of goods is higher than needs be simply because people use credit cards.
Well duh? The biggest problem with credit cards is the user themselves. The credit card companies want you to click "pay later" so they can add interest fees. No one should use a credit card if they don't have the money to pay it off in a month or two. I never pay later with my card. And actually, with AMEX you can't. But others like VISA and MasterCard you can.
Lol what? You can easily be responsible with credit cards. It's easy actually. And I agree with the guy who you responded to, paying with credit cards is actually a smart thing to do IF YOU HAVE THE MONEY to back it up. I pay everything on my Credit Card, but I also have the money to pay it off every month. I never pay late and get interest fees added. Someone who pays with a debit card or cash is less protected than with a credit card. Why take the chance on spending your own money at the time of purchase when they can steal your numbers and go buy stuff on your behalf? It's the security you get with credit cards.
Just pay it off every month and you're golden. Simple as that.
Edit: Also, when you pay for things like a TV on a credit card... AMEX... They actually give you warranties since you paid it on your card. I had a TV break out of the 1 year warranty, and AMEX replaced it cause they covered it. A lot of nice perks like that exist.. don't ever buy store bought warranties.