Apple Pay, Samsung Pay, Android Pay, Chase Pay...Windows Pay, Bank of America Pay, Wells Fargo Pay, Citi Pay, Discover Pay, American Express Pay......
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Chase Launches 'Chase Pay' Payments Service to Compete with Apple Pay
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I disagree. Many, many people like getting store awards and targeted coupons. You'd have to be nuts not to take advantage of such savings.
Heck, many of us frequent the same stores and restaurants EXACTLY BECAUSE THEY KNOW US WELL, and treat us accordingly.
Being anonymous is not beneficial to most people.
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As for purchasing privacy, banks have long sold targeted advertising spots and aggregate shopping data. That hasn't changed one bit with Apple Pay.
In fact, a main reason why banks pay Apple is because Apple Pay allows our purchase info to continue to flow to them... while cutting out the merchant.
The biggest difference is, now the merchants have to pay the banks to target us, instead of being able to do it on their own.
Apple Pay is secure. Samsung pay is a maybe but Google Pay will be equally secure as apple pay. So MCX just needs one nice hack and it is over.
Yeah that's not going to be realistic for at least a couple of years. In the US anyway.
Used it at Best Buy the other day. Not lying, either.
Eh, it's about the same as swiping if you use a phone. Definitely faster using the Apple Watch though.
Privacy and security aren't selling points in the US because people don't care much about either. The former because tons of people are perfectly willing to give out tons of data to get 20 cents off a single item, and the latter because consumers have zero liability for card fraud. Perceived convenience is going to be the big driver behind its adoption, and if people don't consider chip inconvenient, they won't bother.
That said, chip the way the US implemented it takes much longer than elsewhere.
I think Samsung Pay has a better chance in the US than Apple Pay, to be honest. At least for now. Retailers are really resistant to the idea of NFC and I can see them leaving it disabled even on their new terminals that have NFC hardware for as long as possible. At least retailers can't realistically turn off their magstripe readers any time soon and Samsung's MST technology has been shown to work even if the terminal has EMV support turned on.
I cant see businesses getting setup to scan a barcode for payment. most scanners would not work with scanning a phone. samsung pay is the only more universal solution and they are dog slow about getting banks setup. only android pay can use most cards.
agreed. just tried samsung pay over the weekend and <3 it. works everywhere. there are lot of small restaurant and shop that don't take apple/android pay.
I work in the credit card payment industry. The MCX Consortium is quite frankly the worst implementation of any system out there. The majority of merchants are going to need EMV compatible devices anyway for the EMV chip card liability shift, and 99% of the EMV compatible devices are coming with NFC for Apple/Android Pay anyway.
This just in! I shared your remarks on Twitter.
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The question is, do merchants pass along line item level detail to the banks or do the banks just know you spent X amount at Y Retailer on Z day? Serious question because I can't find info anywhere, but I have been of the belief that retailers (especially the largest like Walmart and Target) keep that data in-house. If all the banks know is that I spent money somewhere but don't know what, I am ok with that.
Seriously who thinks QR Codes are a good solution to anything?! Especially when NFC is so seamless and doesn't require taking pictures.
QR codes. Brilliant! I mean I guess this idea came from someone who has never used QR codes on a phone. It's not too bad when inside a store, although still clunky. But try that stuff in a drive-thru. That big ball of nuclear fusion kind of messes up optical scanning. NFC? Not so much.
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I seriously cannot tell if this is trolling or if Chase *actually believes* that there is *anything wrong* with Apple Pay that they can improve upon with their proprietary inferior solution. I just can't even.
Dear Chase, how do you plan on improving this experience exactly?
1) Enroll your credit/debit cards from a multitude of different banks into Apple Pay.
2) Hold your iPhone or Apple Watch near the credit card reader to pay.
There must be a better way!!!! Involving QR codes!!!111 And limited to a single bank!!!1!
I seriously cannot tell if this is trolling or if Chase *actually believes* that there is *anything wrong* with Apple Pay that they can improve upon with their proprietary inferior solution. I just can't even.
Dear Chase, how do you plan on improving this experience exactly?
1) Enroll your credit/debit cards from a multitude of different banks into Apple Pay.
2) Hold your iPhone or Apple Watch near the credit card reader to pay.
There must be a better way!!!! Involving QR codes!!!111 And limited to a single bank!!!1!
Eternal optimists, who refuse to face the truth with their warped sense of reality?
Situation not a binary either/or. More realistic way of looking at:
{IT Guy walks in on boss lighting cigar with $100 bill}
IT Guy: "Hey Boss, we're covered on Apple Pay/Android Pay/Samsung Pay/Chip&Pin and now QR Codes as well. So no matter how our customers choose to pay, we get a cut."
{Boss blows smoke ring and puts out cigar on intern's hand}
Boss: "Egg-cellent." (it helps if you read that in Monty Burns voice)
Customer: {Yawns}
{Boss sees customer yawn on CCTV feed}
{Forecloses on customer}
In all seriousness. Apple Pay has limited reach. Chase wants their cards available for every form of electronic payment. QR codes is just one more iron in the fire along with AP/AP/SP and chip and pin.
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Last time I was at the strip bar, the girl got really pissed when I tried to stick my iPhone in her panties, so, yeah, some of us still use cash occasionally. How was I to know she didn't have an NFC scanner somewhere up there?