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CVS and Rite Aid Officially Disable Apple Pay Support At Stores Nationwide
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What? Do you even know what happened at Home Depot and what caused it to happened?
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I trust tokenization which was NOT built by apple, but built by the credit card companies who have suffered very few breatches themselves because they employ grey and black hats and have a larger vested interest in security. If the Visa network is compromised this would be larger than large.
So in short I don't give a crap if a script kiddy somewhere compromises the payment terminal I am using and steals my onetime use token. Have fun with my useless cryptographic hash. Even with the key it is worthless unless they are embedded in VISA's servers which would mean they can take all of their money anyways. Ask any European with chip and pin how they are dealing with compromises. Oh that's right, doesn't really ever happen because that target is too hard to hit.
People reported their phones bending. And this is a far bigger story than that.
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You fire up an app and scan a QR code with your camera. Sounds like a delightfully simple experience compared to me resting my thumb on the touch id sensor.
They are rejecting a form of payment, they are not rejecting money. Its not a poor decision when they'll have a competing product in its place.
Hey, I reported on this first
Shouldn't I get credit? I posted this last night.
https://forums.macrumors.com/posts/20222356/
Shouldn't I get credit? I posted this last night.
https://forums.macrumors.com/posts/20222356/
I seriously doubt that. Mind you I think you will be right long term: CurrentC is guaranteed to tank. But, those stores have signed contracts with MCX. They are contractually obliged to block Apple Pay. Until either MCX is no longer a going concern, or the find a way to wriggle out of their contract they are stuck. Neither will happen overnight. Might take years.
Uhm what do you expect? MR's servers have to waste valuable storage for crappy comments like yours. I mean they have to get more money in somehow for those wasted storage right? It's all business man.
It is a poor decision because their "competing product", CurrentC is so bad that it absolutely going to go down in flames. I can see the customers lining up to give retailers direct access to their checking accounts now...instead of paying with a CC where they are getting miles/cash rewards for every dollar spent, and don't have to pay their bill until a month later.
It won't be better since it requires access to your checking account. Credit Cards offer great fraud protection and in the case of fraud your available credit come back very fast. If your checking acct gets cleaned out fraudulently it is a painful, and not short process to get your cash back.
Well, if you will throw your needle in a haystack (post #2378!)
Edit: Gave you an upvote . That's all you're getting!
They are rejecting Apple Pay. The users who are early adopter that use Apple Pay, I bet they are excited about Apple enough to be DETERMINED to use Apple Pay. CVS and Rite Aid rejected Apple Pay. Customers bring their business elsewhere. That's basically rejecting money. Have you ever had a business class?
Every decisions that drive down sales and/or create a backlash to the publicity of a company is a poor decision. I'm not saying what CVS and Rite Aid did is a poor decision because we need more data on the whole thing, but don't you jumping the gun on how it's NOT a poor decision, ok?
Yes. Because Home Depot did not involve tokenization. Even if you hack Apple pay there is nothing useful to get. A hacker can't use a token. It is worthless. In home depot, tokens weren't used. So Apple Pay is not the same at all.
I'm an Astronaut, a secret agent and have the cure for cancer. But since this is not a NASA, MI6 or pharmaceutical forum, I prefer not to explain...
Ok Mr 4 Posts. You have zero idea how this works do ya? There is nothing to hack. No names / numbers or anything are transmitted. A Token is transmitted that is it.
And it's behind a pin and fingerprint. It is far and away the safest method of transferring money readily available.
The CurrentC Application is an utter joke. and they are talking about using QRcodes to transfer money...
So you have to get out your phone open the app. take a picture of a receipt or a screen of a QRcode - enter a pin and make the transaction... and it bearly works. It's what mobile payment were 10 years ago in in the UK.
It's not a poor decision only if they succeed in getting their competing product to be successful. Given the very poor reviews I read about CurrentC it seems it will be not so easy.
On top of that, successful or not, in a free market the competing products are supposed to, you know, be allowed to compete so that consumers will decide which one is the best, without the hassle of changing shops or having to adapt to the shop's whims.
If you have to ban competing products to protect your own offer maybe your offer is not good enough (and this is true for some Apple's offers too).
Not true at all. Normal consumers will sign up for anything if there is something in it for them. MCX stores can offer customers extra discounts and benefits for using there system. Just take a look at out "loyalty cards" dominate the retail landscape. MCX is just a 2014 version of that + payment features. It won't be so hard to get consumers to sign up if the marketing is "carrot and stick."
NFC has to regroup and counter this attack with its own vigorous promotions to encourage customers to use its system. Word of mouth isn't enough when people's pocketbooks are involved. Only the geekiest are going to pay a premium to use NFC.
To be honest the SEC should make it illegal to Limit the ways to pay. it's Creating a monopoly and limiting choice.
these companies have closed all methods of payment with an NFC chip so all the NFC cards, Google wallet etc as well as Apple Pay.
People forget their wallets... but they may still have their phone.
these companies have closed all methods of payment with an NFC chip so all the NFC cards, Google wallet etc as well as Apple Pay.
People forget their wallets... but they may still have their phone.
The thing is....those stores ARE MCX.....MCX is a consortium of the stores, so if there is enough uproar they can change the conditions that they are holding themselves to.
I wonder if the bigger retailers in the consortium (Wal-Mart) get a bigger vote than the smaller ones? In any case RiteAid and CVS have got to be a bit irritated that their names are getting dragged through the mud as the faces of the consortium while Wal-Mart and others hold them to the MCX terms.
Thats just not possible. They cant make it illegal to refuse accept nfc payments because they still accept cash and cards. Next step is to sue your local farmer because he just accepts cash (has no card register) for buying eggs
I can tell you right now that people will use systems that offer discounts first and foremost, consumers are constantly on the look out for the best bargains, ask your wife's or girlfriends which system they would use, one because it has a fruit logo or one that can offer discounts.
So you hit the nail on the head here.
One way to protest is to download their CurrentC app, give it a 1 star rating, then delete it. It's being done by members of other websites too, and the app currently has a 1 star overall rating with an overwhelming number of negative feedback.