Anyone "liking" giving away their SSN and DL and Account number to people who are not into banking or security (a system basically built over night against a system built over decades) is an absolut idiot. Tell me who are those idiots so I can steer away from them.
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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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Anyone "liking" giving away their SSN and DL and Account number to people who are not into banking or security (a system basically built over night against a system built over decades) is an absolut idiot. Tell me who are those idiots so I can steer away from them.
And I agree, and you can do that.
I don't want to give my info out, to get goodies or coupons and discounts that are not designed to save you money, but to get you in the store, so you spend more then you planned to.
Some people (my wife) can go and only get what they went for and put it to good use.
My problem isn't with CurrentC or Apple Pay, it's taking away a better form of secure and private payment method.
My question to you would then be, now they tell you can't use it and get your Extra Care bucks, unless you use a certain payment process that, you don't like, and you felt like some do here about that process?
All I've been saying over n over on here today is, let them all play in the sandbox together! Don't tell me I can't spend my money unless it's a certain shade of green!
I had major foot surgery Friday and I'm stuck with my foot up on the couch. So I've been post crazy today!
You seem to misunderstand me. Apple Pay is a conventional credit card network system WITH the protections I was speaking of. My point was that CREDIT CARDS are safe, NOT all that other info MCX wants. They're scary as heck.
CVS and Rite-Aid want to get the data from the customer.
Apple is taking the high road and intentionally NOT acquiring the customer data.
Big Difference here.
But that's not THE big difference and the reason many of us hate CurrentC. THE big difference is that CurrentC bypasses the consumer protections we enjoy with credit cards.
Has anyone thought about the simplest solution and may just not shop at these places if its that big of a deal?
Honestly its almost a belly aching laugh to think that posters in this thread feel they speak for a vocal majority of mac users and that if CVS and Rite Aid do not yield to their demands then their business will collapse.
You guys have fun stressing about this. I will be taking a walk outside and not letting myself get defined by my phone.
Honestly its almost a belly aching laugh to think that posters in this thread feel they speak for a vocal majority of mac users and that if CVS and Rite Aid do not yield to their demands then their business will collapse.
You guys have fun stressing about this. I will be taking a walk outside and not letting myself get defined by my phone.
I didn't realize that "CurrentC" does something bad with security of credit cards, but really I didn't care about "CurrentC". The main information for me to take in is that CVS is making a bit of a mistake by rejecting Apple Pay.
Actually what security was there with credit cards again? In 40 years they made a CVS code? ( the 3 digits on the back of your card ROFL). And CurrentC screws that up? Oh and they track your activity too? Sounds awesome
Short CVS and buy calls on AAPL
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We all need to start filling up fundas nexus 6 shopping carts at these stores and when they refuse protector nexus 6 to allow any form of NFC payment just walk out without soporte coche nexus 9 tablet completing the purchase. i hope that my card instead of using their wallet.
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I didn't realize that "CurrentC" does something bad with security of credit cards, but really I didn't care about "CurrentC". The main information for me to take in is that CVS is making a bit of a mistake by rejecting Apple Pay.
Actually what security was there with credit cards again? In 40 years they made a CVS code? ( the 3 digits on the back of your card ROFL). And CurrentC screws that up? Oh and they track your activity too? Sounds awesome
Short CVS and buy calls on AAPL
No, credit cards are secure to the customer (even though magnetic stripe cards are very technically insecure) because banks absorb fraud losses on them, and they also offer insurance on your purchases themselves for better cards.
CurrentC, meanwhile, is linked to your bank account directly or to a participating merchant's store card (like Target Redcard) that is similar in setup. There are none of the bank and Visa/Mastercard agreements protecting you.
Yes, that's true - Visa and MC, (despite having ridiculous "security"), remains safe to use because they have a flotilla of phone service people to manually fraud check. I do like and do appreciate the concierge service I get from my bank on my Visa - I guess I am used to it after all these years. But having said that, Apple Pay will be saving time and money for everyone involved. It's a lot of man hours saved by the power of mathematics.
Whatever CurrentC is, is unknown to me, but I have learned a bit more about it here now.
My opinion is that CurrentC sounds bad.
It seems the real question is why CVS/RiteAid is not accepting CC via Apple Pay but does allow a magnetic swipe?
In both cases , and cash too, I can and did swipe my CVS loyalty card before the form of payment. So they get their market info independent of the CC company. And they don't pay any more to the CC either way.
Even with CurrentC they will have to keep magnetic swipe CCs. Some just need CCs to live and cannot afford money taken directly from a checking account.
So I don't see how Apple Pay is competing. It's just another way to pay with a CC and a separate loyalty card. Unless CurrentC is trying to muzzle into using Apple Pay for its system and this is a game if brinksmanship.
I think CVS will get fed up if that is the case. And VISA, etc will exert pressure too: basically a store is refusing to accept a CC and must be a violation of the TOA.
Exactly, pretty much everyone I know has a card (debit or credit) that doesn't just use Chip&Pin but also NFC, so handy!
I think Android is more popular in continental Europe rather than the UK where the iPhone dominates.
In the UK it was 61% Android, 27% iOS as at the end of August. Although a large proportion of those Android OSes will be cruddy old non-updateable devices.
Across the 'EU5' – Germany/GB/France/Italy/Spain – it was 76% Android, 14% iOS. Apple seems to do a lousy job of non-English marketing in Europe.
There IS hope... someone that actually quotes accurate statistics!
It is very interesting but not too much of a surprise.
I can say this though, the top 3 countries for ad impressions in my free apps (localized for English, Spanish, German):
- US
- Canada
- Germany
Germany's market share is about half that of the US, and impressions are within 10%...
I wonder if that indicates a lack of German localized applications.... hmm...
I think you're mistaken. The impetus for the change is to dramatically decrease the overhead of credit card transactions by implementing an alternative. The incentive to use the alternative system is potential discount or loyalty programs. The benefit is that they can collect customer data by doing so.
That's not to undermine the value of the data company's want to collect. But the impetus for the program is to cut costs.
Conversely - Apple is providing a very secure method of payment and their marketing position is that their solution isn't about collecting data. Where retailers are trying to cut costs to increase profits, Apple has provided credit card companies with a method to encourage credit card usage and take a bit from each transaction.
Data is secondary to Money. And then there's the security questions playing into it. However, since CurrenC is still in beta - ranting and raving over what might be and what might be seems premature.
If you've signed up for one of those discount cards (e.g. - CVS' Extra Care), they already HAVE your data, surprise!
The MCX members are in a pretty tough pickle right now.
They hate credit card fees, but absolutely depend on credit cards as they make up the vast majority of payments in their stores (and obviously online). They don't want to pay the fees, but want the customers and the sales revenue, and that means taking credit cards.
Customers, meanwhile, overwhelmingly prefer to pay with credit or debit cards, since they have consumer protections, physical theft protections (a card can be deactivated, cash cannot!), and you don't have to worry about not carrying enough cash (or too much cash) when you shop.
So what's a retailer to do? There's only one way to give consumers the cashless aspects of payment they demand while not paying fees, and that's with bank account debits (ACH). Of course, there is no consumer-friendly mechanism to do that at point-of-sale... So they had to create one. Hence CurrentC.
However, CurrentC really only has a chance to work if people are not using something based on credit cards.. Hence the exclusivity clause that prevents CVS, Rite-Aid, et al from accepting other mobile payment systems. Presumably Google Wallet adoption was so low that its use fell under the radar - since they looked like normal credit card transactions.
However, Apple Pay arrived with such media hype and buzz that they had to pay attention to it, and when they saw reports that it was working in MCX member stores, well, they pushed the big red panic button. They know that with Apple and the big three card processors behind it that it has a very substantial probability of success, and that would kill CurrentC dead.
They also have to contend with two big possible ramifications, however unlikely they may or may not be:
1. Apple and/or Google remove the CurrentC app. CurrentC is then quickly dead.
2. MC/Visa/Amex decide to either not renew their credit card acceptance agreements with those merchants, in which case they have a serious, major, and immediate problem - or they simply twist the knife in a bit and hike their transaction fees as punishment.
I almost feel sorry for CVS and Rite Aid, since they are taking the bullet for the rest of the MCX team and really appear to have no recourse. However, since Meijer is both an Apple Pay partner AND an MCX member, maybe there is a way out for these retailers after all...
Going backwards...
This solution is going backwards... As almost entire world (I mean the world outside of the USA) accepts the card payments using the NFC standard the MCX here in America wants to introduce another, yet propriatery solution of payment. This is ridiculous... I hope all interested parties will wake up and walk away...
This solution is going backwards... As almost entire world (I mean the world outside of the USA) accepts the card payments using the NFC standard the MCX here in America wants to introduce another, yet propriatery solution of payment. This is ridiculous... I hope all interested parties will wake up and walk away...
Where does it say they are partners? Apple just listed major locations that take nfc payments/apple pay. Meijer has been taking nfc payments for years. Meijer is part of MCX. I like apple pay but I didnt like the strategy apple took by just working with banks. Apple didn't work with any big chain retailers. Everyone apple listed has been taking nfc payment for years. Apple didn't list any new company.
Disabling NFC seems awfully shortsighted. For better or worse, Apple Pay seems very likely to be very successful, and with as enthusiastic a user base as Apple has, refusing a convenient and seemingly well thought out payment option from Apple looks like remarkably poor judgment.
You really think Apple listed anyone without some type of exchange happening? No way. If they did that, they'd have definitely listed The Home Depot. That list is surely based on official conversations with merchants.
FWIW, they didn't technically disable NFC. I went to CVS today, presented my iPhone 6, and the screen lit up with my default card, asking for my fingerprint, which I did, it was happy, transaction complete. So, the NFC part of the transaction completed fine. Only afterwards did the CVS terminal reject the transaction and demand an alternative form of payment.
Paydiant has been around since 2010 and has worked with many banks (Barclay, B of A) and credit card companies for their pilot programs. Hardly overnight or "not into banking."
Have you given Avis your DL # to rent a car? AT&T or Verizon Wireless your social security # for credit check?
While turning off NFC was a bit knee jerk of the MCX, I swear if transactions over it hadn't been disabled, no one here would react to CurrentC they way they have been or frankly, know they even existed.