Apple Pay Holdout Walmart to Launch QR Code-Based 'Chase Pay' Next Year

[ftaok]

It's a bit more complicated than that. Retailers likely do have to pay extra for contactless when a customer uses a debit card simply because they have to run them as credit. (Prompting for PIN with debit cards in Apple Pay makes for a poor customer experience.)

Good for the retailer, but generally bad for the customer.

Using your card as a debit card is generally a bad idea. Unless you're getting a discount for swiping as debit, don't do it. Swipe it as a credit.

You get more protection when you swipe as credit.

 

[coolfactor]

'Chase Pay', because they're always going to be playing catch up.

Yes, an unfortunate name, eh? To chase people around to pay their bills...

I'm happily enjoying Apple Pay here in Canada. Works great at my local grocer.

 

[tmiw]

Good for the retailer, but generally bad for the customer.

Using your card as a debit card is generally a bad idea. Unless you're getting a discount for swiping as debit, don't do it. Swipe it as a credit.

You get more protection when you swipe as credit.

It actually isn't supposed to matter per federal law. Debit cards in general are a bad idea though because it's your money that comes out of your account and fraud might interfere with paying bills until your money gets returned. (Though once chip becomes more common it might actually be okay to use debit cards for in-person stuff.)

 

[mrgraff]

Oh, look! It's the monthly "I use Apple products, so I'm better than Walmart" thread.

 

[ArtOfWarfare]

I wish Apple would use whatever tech Samsung uses for Samsung Pay then this wouldn't even be an issue.

Samsung Pay just uses an ordinary magnetic stripe. My understanding is it's less secure than a chipless credit card.

Super annoying headline. I saw "Apple Pay Holdout Walmart to Launch" and I thought that Apple Pay was finally coming to Walmart. And then I saw the rest of the headline. Ugggghhh

 

[canadianreader]

I don't shop there anymore because of their pinpads are so difficult to use.

 

[Fall Under Cerulean Kites]

This looks like a really good system. Sleek. Modern. Cross-Platform. Fast. I’m looking forward to using it!

 

[jhfenton]

Why not just implement NFC payments where you can take ApplePay, AndroidPay, SamsungPay, etc for every type and issuer of card you accept? If data is that super important to you, create a loyalty program like Walgreen's has that allows customers to also self identify via NFC to get loyalty discounts, etc.

I agree. Walgreen's is doing it right. I "Apple Pay" my Walgreens card with my Apple Watch faster than I could type in my phone number or have them scan a physical loyalty card, and then I "Apple Pay" my credit card. The cashiers love it. Walgreen's gets to track and consolidate my purchases. I get to keep my CC# secure.

 

[foxconn]

Samsung Pay just uses an ordinary magnetic stripe. My understanding is it's less secure than a chipless credit card.

Super annoying headline. I saw "Apple Pay Holdout Walmart to Launch" and I thought that Apple Pay was finally coming to Walmart. And then I saw the rest of the headline. Ugggghhh

How do they use a magnetic strip when all you do is tap? Wouldn't you need to swipe your phone then?

 

[jhfenton]

This looks like a really good system. Sleek. Modern. Cross-Platform. Fast. I’m looking forward to using it!

Mr. McMillon, glad to meet you.

 

[69Mustang]

On security, I think we need to consider the security of walking around with lots of cash and the risk of being mugged. I literally never carry cash.

Umm... Private, yes. Secure, not entirely. In the event of loss or theft, you can't disable the value from cash and return it to your pocket, or track fraudulent activity to possibly catch the thief.

I thought we were discussing security from an identity theft perspective since that's the type of security most touted by advocates of all types of e-payment systems.
If we're talking about physical robbery, no form of payment can prevent that. If you're being robbed, you're going to lose the cash (a little or a lot really doesn't matter), the Apple Watch and the iPhone. From that security perspective it's a wash.

 

[Kevsta26]

Walmart Pay is great imo. You don't have to show a QR code to anyone like this. Just quickly scan a QR code on the terminal and you're done. Just a couple more steps than Apple Pay, but it's worth it and better than no mobile payments at all.

 

[fatalogic]

Samsung Pay just uses an ordinary magnetic stripe. My understanding is it's less secure than a chipless credit card.

Super annoying headline. I saw "Apple Pay Holdout Walmart to Launch" and I thought that Apple Pay was finally coming to Walmart. And then I saw the rest of the headline. Ugggghhh

Samsung pay is secure it uses NFC and MST if NFC isn't available.

Samsung Pay does not store the account or credit card numbers of cards on the device, instead using tokenization for transactions. Each time a purchase is made, the Samsung Pay handset sends two pieces of data to the payment terminal. The first is a 16-digit token that represents the credit or debit card number, while the second piece is a one-time code or cryptogram that's generated by the phone's encryption key. -CNET

 

[imaginex20]

I agree that this unsecure. I always prefer Apple Pay as the fastest and most secure. Chip is secure, but not that fast in the US, especially when even after waiting for 30 seconds and then typing in your PIN you still have to sign the receipt. Worst of all is cash, mostly because it seems that many of the cashiers don't always know how to give the correct change.

In anycase, I don't live anywhere near a walmart (at least that I am aware of) so this, thankfully, has zero impact on me.
[doublepost=1478192537][/doublepost]
talk to starbucks and see if they agree. I am totally into Apple pay, but yeah, QR in 2016 is still a thing. SMH.

At least Starbucks accepts Apple Pay. They just need to add support for their Starbucks card for Wallet like WalGreens does.

 

[H2SO4]

Wonder how long before this obnoxiously unsecure platform gets hacked. No thanks. I'll stick with cash, chip, or ApplePay

Of course you will. So Walmart have the new Macbook at $1200 dollars and it’s $1400 elsewhere. Do you opt to pay the $200 more?

 

[RobinInOR]

At least Starbucks accepts Apple Pay. They just need to add support for their Starbucks card for Wallet like WalGreens does.

The Starbucks inside our Fred Meyer does. I use their app in wallet on my watch and it works great, so fast. I still have my Fred Meyer card out to scan so I get credit for rewards, but it's a start.

 

[dwaltwhit]

See qr works at starbucks but walmart is not starbucks. The size of each stores register crew will make it nearly impossible to train in the process. I still run into people at mcdonalds who don't know they take apple pay.

 

[scottish]

Tesco in the UK has introduced a similar system called PayQwiq. It actually works pretty well and I've found it to be slightly faster that Apple Pay because your loyalty card (Clubcard) and payment is processed at the same time.

The difference is, Tesco offer contactless too and are rapidly enabling it in all stores.

Asda, owned by Walmart, is also enabling contactless and it's finally available in my local store.

 

[imaginex20]

The Starbucks inside our Fred Meyer does. I use their app in wallet on my watch and it works great, so fast. I still have my Fred Meyer card out to scan so I get credit for rewards, but it's a start.

I was referring to the NFC rewards card support like how Walgreens and Kohls does it. You just use NFC to "scan" the rewards card and tap again for payment. Very seamless. Starbucks needs to add the same support for their rewards card

 

[nightcap965]

If you don't take Apple Pay, you're saying you don't want my custom. It's just that simple.

 

[macfacts]

I can't believe the Cubs won the World Series before Walmart supported Apple Pay.

Why is that hard to believe? What does Walmart gain by supporting ApplePay? All I see is another middleman asking for a cut.

Why doesn't Apple provide some public API for developers to use NFC inside the iPhone instead?

 

[69Mustang]

If you don't take Apple Pay, you're saying you don't want my custom. It's just that simple.

Then I guess there are a helluva lot of stores saying just that. They don't want your money. I think both you and the stores will be okay.

 

[macfacts]

Now that Walmart got over being sore about CurrentC's demise, it's all about fees and control over customer data.

Why is it you care about Walmart knowing what you buy in their stores but don't care that Apple knows what you buy in their app store?

 

[Garthyanush]

If we're talking security, cash is the most secure by far. Cash has no ties to your identity.

On topic: Walmart doesn't care about Apple Pay because 1. AP doesn't cater to their core demographic. 2. There's no advantage for them accepting AP. 3. There's plenty of time to change their mind in the future if AP presents advantages.

As is, in the US Apple Pay is primarily an institutional product. By that I mean financial institutions are getting on board but retailers aren't moving at the same speed. Who really gives a crap if 238 million financial institutions support AP when you can only use it at 4 stores? <-- That. That right there. It's hyperbole. So I hope no one replies with the other 2 stores that accept Apple Pay.

Apple Pay works everywhere in Canada that accepts tap, at least all the bank cards do.

 

[kdarling]

Wonder how long before this obnoxiously unsecure platform gets hacked. No thanks. I'll stick with cash, chip, or ApplePay

Now I'm curious. Please tell us in detail what makes it "obnoxiously unsecure".

Will someone be able to intercept a one time bar code in mid air? Or ??

So sick of reading about WalMart and QR codes. I mean really - QR codes in 2016 when an option like Apple Pay is so readily available? The blatant disregard for consumers in this situation is disgusting.

The reason why it uses QR codes is simple: they work on any device, new or old, no special chips needed. That allows the most customers to use it.

That's why everyone... including iPhones... use QR codes for things like airline boarding passes.

It has nothing to do with paying a fee. They'll have to pay a fee to the credit card company to process the transaction if you pay with credit instead. But Apple Pay kills their ability to build better profiles and thus make a LOT more money.

And how does this make them more money? By providing customized sales ads per user, something users apparently appreciate and use to come back and buy more products.

That's something every company strives for, whether it be Walmart or Apple.

I heard Samsung has a cool method that does not depend on Samsung pay and no one even needs to agree to take it. Is this true? My credit card does not accept Apple Pay so I cannot use it anyway. But if I did a lot of it would potential go to Walmart. I got kids.

Yes, they bought a company that created a remote magnetic stripe emulator. So if a terminal doesn't take NFC, the phone instantly flips over to remote stripe emulation. This allows the phone to make contactless payments on almost all the legacy card swipers on the planet. (It won't work where you have to insert a card, though, like many gas pumps.) Both methods use account tokens, so there's no security issue.

With Savings Catcher and the other stuff included in the app, they also gain customer loyalty, meaning that people will shop at Walmart more often even if they have a choice to go elsewhere for something.

This. Loyalty is big.

Plus Walmart purchasing amounts are like an entire country unto themselves. They can afford to create their own currency.