Correct as recently stated by Apple Support
http://support.apple.com/kb/HT6534?viewlocale=en_US&locale=en_US
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Apple Pay anywhere with NFC?
- Thread starter fenderbass146
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Correct as recently stated by Apple Support
http://support.apple.com/kb/HT6534?viewlocale=en_US&locale=en_US
Exactly. CurrentC is for the retailer's benefit in the long run. Not the customer.
ApplePay is about security and convenience. Which benefits the customer, the retailer and the banks.
CurrentC will shut down, quietly and meekly after a couple of years.
They turned it off because few people could use it and turning it off saves $$$ on support costs. Yeah they turned it off to save money. Now they have dilutions of grander that they and Wal-Mart can reverse almost 50 years of payment system history and get every one to start over. Yeah that will work.
Wal-Mart is a major player but not one that i suspect will change they will be the last to EMV and they will be the last to NFC. Best Buy struck me as strange i mean there whole purpose is technology you would think they would be spear heading this kinda thing in there stores to demonstrate the stuff you can do with the stuff you just bought.
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the only thing MXC has going for it is support from wal-mart. I suspect though that now that apple is using the new NFC standard and apple users have money and like to spend it that retailers will see this as a way to draw in customers even if it just a little
Hmm, Target and Home Depot... Those names sound familiar for some reason?
Both of those companies could get a lot of publicity out of
Pay and the tokenization system, which makes system hacks basically useless.
Both of those companies could get a lot of publicity out of
Pay and the tokenization system, which makes system hacks basically useless.To be clear, MCX does not use NFC. Whether a company is planning on supporting MCX does not affect whether they have NFC POS terminals (MCX/currentc does not use nfc at all). It just means most (like Best Buy) disabled NFC so they can push MCX/CurrentC.
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Hmm, Target and Home Depot... Those names sound familiar for some reason?
Both of those companies could get a lot of publicity out of
True. But at this point, having NFC support would not have made a measurable impact on their security breach had it happened today. There just isn't enough users using NFC. Maybe in several years when there is enough momentum, these companies will see it differently.
I do expect Walmart to be last to NFC.
However, they are among the first to EMV.
I received my EMV cards in March 2014. Walmart used them immediately. Their terminals refused my swipe and required using the chip reader. As of today, the only two places near me with EMV chip reader activated are Walmart and Home Depot.
Other stores have the chip readers but they are turned off.
BTW, Target has the EMV chip reader but it is turned off. Surprising since their hack spearheaded quicker EMV adoption. They said their readers will be turned on my January 2015.
I believe Walmart supports contact EMV, not contactless EMV (which is NFC). Like you said the NFC (contactless EMV) hardware is there, just disabled.
I might get in trouble for this, but how many of Walmart's customers do you think are using an iPhone 6 or 6+? I think Target would be a more important partner.
I hear ya, but you'd be surprised. iPhones are a status symbol, regardless of financial situation and demographics. Walmart (unfortunately to many) is probably the biggest player out there.
They all have Credit Cards that they can purchase expensive electronics that they can't afford. Drive by a WIC office someday. You see lots of moms getting out of Escalades talking on iPhones.
Go to the register at Best Buy and when Apple Pay doesn't work tell them to just cancel the transaction and walk out.
Because it was a debit transaction. If it was a credit one, no other input would have been required.
So if it's a debit transaction, the PIN number still has to be entered?
That's disappointing. Since I use the debit card the most, I don't see the real benefit anymore. I guess I will try it out and see which is faster. And I know it's supposed to be safer, but with the icloud hacking that recently happened I'm not so sure.
That's disappointing. Since I use the debit card the most, I don't see the real benefit anymore. I guess I will try it out and see which is faster. And I know it's supposed to be safer, but with the icloud hacking that recently happened I'm not so sure.
Hmm, Target and Home Depot... Those names sound familiar for some reason?
Both of those companies could get a lot of publicity out of
Please don't talk about things unless you know about them.
I hate when people just throw out buzz words that paraphrase what the company advertised.
When you enter your card into your phone the card number is encrypted and only stored on your phone. This number can only be decrypted by the financial institution.
Your credit / debit information is not stored anywhere on Apple's servers or even on your phone.
Attempted at Tim Hortons who according to MasterCard takes contact less payments via NFC. No go. My iPhone recognized and asked for a print but it would error afterwards. So the lesson is don't rely on the MasterCard app.
NFC functionality is likely an additional license which the company has to pay for. Companies like Best Buy can't afford extras like this right now. They almost went out of business after all.
The reason why all modern card payment readers have it built in is because it can easily be purchased at a later time with no additional setup required by the company.
Alternatively, stricter company policies might require customers to physically show employees their payment card to reduce fraud.
The reason why all modern card payment readers have it built in is because it can easily be purchased at a later time with no additional setup required by the company.
Alternatively, stricter company policies might require customers to physically show employees their payment card to reduce fraud.
It's not about the thrill.... It's about the security of the transaction. Apple had a great chance to get it done without walmart, and consumers (probably later than sooner) will pressure Walmart enough to accept. Especially once chip and pin is set after oct 2015. I'd much rather tokenization over chip and pin.
I used it al Walgreens today and it was very very fast. If you choose credit instead of debit for that debit card, it won't ask you for a pin. With a supported card it is as advertised. Retailer response may vary.
I don't care how secure a company says something is. Nothing that uses the internet is unhackable.