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Apple Responds to CVS/Rite Aid Controversy: 'Overwhelmingly Positive' Response, Working to Add Merchants
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Yeah well I don't shop at CVS or Walgreen's after they got into big trouble with the government and had to pay huge fines for their corruption. I will gladly boycott any store that refuses to accept Apple Pay. I will not use any pay system that requires me giving them access to my SSN, driver's license and bank account. If they clean out my bank account I am finished. If they take my credit card and I can have that stopped.
The merchants want it because it cuts out the credit card companies and as a bonus they will use our buying habits against us.
Long live Apple Pay!!!
The merchants want it because it cuts out the credit card companies and as a bonus they will use our buying habits against us.
Long live Apple Pay!!!
Lots more, unfortunately. Here are just some of the major names who have signed up for CurrentC:
The credit card companies do very much the same thing. That's partly why they pay Apple a fee to let them continue to collect and sell our aggregate purchase history. Plus Apple Pay promotes more spur of the moment purchases. Extra security is at the bottom of the list.
Not that it matters who does it. I have no problem with getting back loyalty points or coupons directed at my interests. Saves me money.
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So, what's the story about debit... Yes, you can use "cash" through NFC... How does that mess up your data collecting scenario? Are banks collecting my info and selling it? They must not be doing a good job of it since I don't get spammed a lot about things I purchase debit. BTW, I don't have a credit card and use NFC in Canada (before that I used chip and pin).
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I wish Apple would have worked to help sidestep the credit card empire as was initially rumored.
When my grandfather, a small grocery store owner passed away in 1988, he made about 1% profit on his gross. The credit card companies made 3% on his broken back.
When my grandfather, a small grocery store owner passed away in 1988, he made about 1% profit on his gross. The credit card companies made 3% on his broken back.
Thankfully, I don't eat at Darden Restaurants or shop at any of those retailers. I am surprised "Banana Republic" is involved as they are a subsidiary of GAP, Inc., which would place "Old Navy", "GAP" and "Banana Republic" as participants.
Apple and participating banks have stated that transactions will be anonymous, only the bank will have access to the one time token processed and such data is limited at best. The retailer will not have access to personal information, so this comes down to the banks (JPMorgan Chase Bank, NA, Citizens, Citibank, etc) who already have customer information. Assuming what you state is accurate (banks will data mine consumer data), at least this cuts retailers out of the equation. As of now, BOTH retailers and banks can sell consumer data. Using an anonymous tokenization NFC system, that data will be limited. I'd take that over what's currently happening.
Debit is usually $0.30 cents per use, not something that would bother me much if I'm doing a $30 dollar plus purchase... The smaller purchases I do in cash anyway. My checking account costs me $5 a month and I have 10 debit/atm alloweable per month (can do an unlimited number of online transactions). But, before that, for just $30 dollars per month for a VIP account (with lots of other perks), or $5000 at the bank, I had an unlimited number of free debit transactions.
i dont have a problem with competition. However if they are not using my preferred method of payment then I wont shop with them anyway. Thats just business 101. Take all the money people want to give you.
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While I agree, I think they needed the credit card companies on their side to break this through the retailers like we are currently seeing. The credit card companies have obviously invested in Apple Pay to succeed here and will be very powerful in getting all of their merchants to support payments in this manner since it helps set them apart.
i am honestly hoping that in 2 or 3 years when Apple Pay is the defacto standard and everyone is taking it that Apple then introduces it's own line of credit and gives the card companies a big black eye.
That looks more like a poster of has-beens in a business textbook under the chapter 'what not to do' a year from now.
Besides most of those companies are already marginally operating at best and the only threats on there (big oil) are going to also lose their clout once electric vehicles take over over the next couple years.
i mean really...
does anyone really care about wireless payement except the banksters and apl?
it seems like a solution looking for a problem.
yawn.
does anyone really care about wireless payement except the banksters and apl?
it seems like a solution looking for a problem.
yawn.
My taste as a consumer definitely aligns more with where 
Pay is accepted rather than where it's "banned."
Pay is accepted rather than where it's "banned."Lets see every site has lots of discussion on the topic so my guess is yes. Plus the rest of the world has had it for awhile already.
Show me a Android with proper finger print recognition and payment tokenization and I'll tip my hat to you.
Funny enough to so many of these stores around me recently got the nfc pads. What a waste of money.
I absolutely will not stop. Android has had YEARS to make a system this simple and secure and it hasn't happened. Plus, the adoption in North America is nonexistent. Give Apple Pay 1-2 years and check adoption rates. Yes, Android had NFC first but it wasn't done right NOR was it adopted. Period.
Hello my name is Jon (not really.) This is my first comment (really).
This sounds like a wise business plan if you want to launch CurrentC. {sarcasm}
1. Upset Apple users who actually have money.
2. Upset Apple who will provide a mobile platform for CurrentC.
3. Upset Google who will provide a mobile platform for CurrentC.
4. Upset credit card users who use tap to pay or wave to pay credit cards that include nfc.
5. Upset credit card companies by disallowing their tap to pay, wave to pay credit cards.
So their business model is for customers to use a windows phone tied to your bank account, with your soc. #? I think we are goings to see a fiscal blood bath for these guys.
This sounds like a wise business plan if you want to launch CurrentC. {sarcasm}
1. Upset Apple users who actually have money.
2. Upset Apple who will provide a mobile platform for CurrentC.
3. Upset Google who will provide a mobile platform for CurrentC.
4. Upset credit card users who use tap to pay or wave to pay credit cards that include nfc.
5. Upset credit card companies by disallowing their tap to pay, wave to pay credit cards.
So their business model is for customers to use a windows phone tied to your bank account, with your soc. #? I think we are goings to see a fiscal blood bath for these guys.
You might if you got points for every dollar charged and ended up with enough points for a $100 gift card for Amazon (or whatever) at least once a year. Using a credit card this way and paying off the balance every month so you never actually pay any interest, is actually a great way to earn a little money and increase your credit score. Takes a little discipline to pay it off every month so if you don't have self-control it might not be for you.
Walgreens right by my place. Used Apple Pay for the first time ever tonight. One lady ahead of me in line. I put my credit card into the phone before she finished paying and I paid with no problem at all. Pressing one button vs QR CODES?! Are you kidding me?? Can't believe this CurrentC is actually real.
If you do have to shop at a Walmart Super Center why not stop at the Subway in the store and pay for your meal with Apple Pay! Subway is an Apple Pay partner right from the start.