viewfly
macrumors 65816
This is disappointing of CVS. But I did read that the banks pay Apple a few coins per transaction...and who knows if that gets passed on to the stores.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
- Thread starter MacRumors
- Start date
- Sort by reaction score
This is disappointing of CVS. But I did read that the banks pay Apple a few coins per transaction...and who knows if that gets passed on to the stores.
I find it ridiculous that people are so emotional about this that they will refuse to shop at CVS.
Are you that tied to your iPhone and it's brand new purchasing capabilities that now you can never ever shop at a place that doesn't support that payment.
Seriously?
Wow.
Are you that tied to your iPhone and it's brand new purchasing capabilities that now you can never ever shop at a place that doesn't support that payment.
Seriously?
Wow.
AZREOSpecialist
Suspended
All it takes is each person making a decision for themselves about what they think is right or wrong.
It's about security, stupi......
Businesses like CVS and Rite Aid are totally free to make what ever business decisions they like, just as people are free to decide whether to shop with them or not.
IMHO, this is going to be, in the end, about personal privacy and security.
Too often large businesses are run by people who are at best disconnected from 'the average citizen' - they live in areas of their towns/cities where like-minded people live, and socialise in circles that aren't touched by the average citizen.
BoA, Target, and others of late who have suffered POS terminal and related hacks, have shown individuals just how insecure personal data is. Throw in revelations about government monitoring activities and what I see is a growing tide of concern about personal privacy and security, in a country where personal credit score has such wide-ranging impact - I'm not aware of any other country in the Developed World where credit scores are used so widely and have such impact...
So I can see people increasingly selecting retailers who are unable and unwilling to harvest such personal data, or don't have a strong reputation for security etc.
Big business has been wrong before, and I think it is wrong again here. And for all Apple's faults, and there are many, it just may be sincere in its desire to provide enhanced protection for consumers - especially if it drives increased sales/loyalty - after all, they are a business...
Businesses like CVS and Rite Aid are totally free to make what ever business decisions they like, just as people are free to decide whether to shop with them or not.
IMHO, this is going to be, in the end, about personal privacy and security.
Too often large businesses are run by people who are at best disconnected from 'the average citizen' - they live in areas of their towns/cities where like-minded people live, and socialise in circles that aren't touched by the average citizen.
BoA, Target, and others of late who have suffered POS terminal and related hacks, have shown individuals just how insecure personal data is. Throw in revelations about government monitoring activities and what I see is a growing tide of concern about personal privacy and security, in a country where personal credit score has such wide-ranging impact - I'm not aware of any other country in the Developed World where credit scores are used so widely and have such impact...
So I can see people increasingly selecting retailers who are unable and unwilling to harvest such personal data, or don't have a strong reputation for security etc.
Big business has been wrong before, and I think it is wrong again here. And for all Apple's faults, and there are many, it just may be sincere in its desire to provide enhanced protection for consumers - especially if it drives increased sales/loyalty - after all, they are a business...
ProfessorHenry
macrumors regular
Stolen credit cards cost you nothing, while a new phone will cost you a lot of money. I see your not in a habit of making smart decisions.
Lmao everyone on this topic is acting as if they are completely banning you from using traditional payments. Yes i agree its a dumb thing for CVS to do but are you guys really going to go all the way across town to a Walgreens just because CVS banned Apple pay? (NFC. I know) Sometimes i think most of you are working for Apple. Or Apple is paying you instead of the reality of you paying them. This will bite CVS in the butt and im sure they will be reintroducing NFC again because no one is going to download that app. But please calm down. It really isnt that big of a deal.
Seriously? I just emailed them. I have used them a lot and there is one by my work. I was using them with Apple pay and its convenelt.
I never claimed to be a part of a movement. If I don't like something, I email them. To sit on a message forum and compain is useless. If a company wants my money, they should let me pay how I like too. They actually went out of their way to shut off NFC.
It's so great that you're better than me...🙄
BoulderAdonis
macrumors regular
Take a finance class. Learn a little about operating leverage, and financial leverage. Then look at the thin profit margins these companies have. Small shifts like this are a *huge* victory for the winner. It doesn't take much.
Unlike most of you brainwashed Cook heads, I will shop with whoever has the best prices. And that is not Walgreens.
I actually thought that may have been a mistake when you stated that. I see where you're coming from now after clearing that up. However, I still feel the banks would rather side with Apple over the retailers. Also, and I'm not positive on this, if Apple gets .15% from the transactions, wouldn't CVS et al. getting the .15% from the banks with their own system just be the same as it is now?
Instead of the banks giving the .15% to Apple, it would jus stay at the banks. I don't think CVS would get anything extra, I just think then Apple would get nothing. I also don't think that the banks would agree to pay CVS .15% of each transaction used at CVS, I feel like that would be double dipping.
I also love how rude people want to be.
This has Louis CK written all over it. People pissed about something they couldn't do a few days ago anyway.
Hey - if you're an Android user - at least you have some history with payments being accepted. But if you're introduction to NFC payments is via iOS 8.1 - you, quite honestly, sound like a spoiled brat.
This has Louis CK written all over it. People pissed about something they couldn't do a few days ago anyway.
Hey - if you're an Android user - at least you have some history with payments being accepted. But if you're introduction to NFC payments is via iOS 8.1 - you, quite honestly, sound like a spoiled brat.
I don't think that disabling NFC is going to truly cause people to not do business with these merchants, but I do think it will absolutely affect adoption of this unreleased payment system.
I think its bushleague to disable a working method of payment in an attempt to hopefully switch people over to their own untested system. But why would I want to give these merchants my credit card numbers to store in some central system? It's just one more target for hackers, and more unilaterally canceled cards of mine due to their systems being compromised.
Bad strategic decision, in my opinion. I absolutely won't be utilizing this CurrentC system.
I think its bushleague to disable a working method of payment in an attempt to hopefully switch people over to their own untested system. But why would I want to give these merchants my credit card numbers to store in some central system? It's just one more target for hackers, and more unilaterally canceled cards of mine due to their systems being compromised.
Bad strategic decision, in my opinion. I absolutely won't be utilizing this CurrentC system.
AZREOSpecialist
Suspended
This isn't about iPhone 6, get your head out of the sand. Google Wallet is also affected, and that affects a lot more devices. Why are you defending Rite-Aid and CVS? That seems like an odd thing for a consumer to do.
It has nothing to do with Apple Pay for me and everything to do with the attempts to hurt their customers by pushing MCX
12vElectronics
macrumors 68040
Didn't read thread.. too long.. but this is one of the reasons Apple Pay will never really take off.
Park it already, would ya'. The iPhone 6 demographic can't even be found on a graph.
ProfessorHenry
macrumors regular
Sure... Let me use the quick efficient payment method like Apple Pay and then dig through my wallet for their loyalty card. They can't even track you via the credit card/debit card numbers. And before you say... well people can always use cash or checks, perhaps you should look into the percentage of people who use cash vs credit cards. Don't fool yourself... It is completely about the tracking!!!
AZREOSpecialist
Suspended
You sound like someone who is happy to do what he is told. Most of us don't subscribe to the sheeple attitude. Good luck to you.
Except for the days waiting for the new card and hours spent updating auto and other accounts with the new number. Yeah, like it never happened.
I think we all need to look beyond this individual battle/issue and look at the much bigger fundamental war that's about to be waged.
This isn't about CVS not liking Apple Pay or iPhone 6 users. Frankly, it's not even really about Apple at all.
The whole Merchant Customer Exchange initiative is about trying to cut the credit card companies and the hundreds of billions spent on transaction fees out of equation.
The thinking is that if they move to an MCX barcode system (via the CurrentC app) that's linked to your ACH bank card or store card number they save money on every transaction.
The advantage to them, in addition to saving billions in transaction fees is they get to harvest customer data on every sale. Similar to the 'reward card at the grocery store', Target, Best Buy Walmart, CVS and other members would be able to gather (and potentially share) data on all of their customers.
They will likely link some sort of discount/rewards program to it. It may be individual item discounts like grocery stores. It could be a flat discount (3% of purchases) or even a cash back program. Remember, they are going to save potentially billions on transaction fees..so giving some of that money back is a smart investment to encourage use.
The big battle that's going to be waged will be on privacy/security. I expect Visa/MC/Discover/AMEX and now Apple to team up on the front of EMV and Apple Pay solutions allow for anonymous transactions and are more secure than CurrentC. They'll especially play up the idea that your personal buying habits are being stored, shared and shopped. They'll also push the risk of potential exposure of your personal bank account info and question what fraud liability is in place. When debit cards first hit the scene, people were very wary about it being directly tied to their checking account. Limiting fraud liability helped people get over that hurdle.
As a customer I have mixed feelings. We all pay a higher cost for goods/services to mushroomed use of cc/debit cards. But I question how much savings we'd really see under an alternate system and question the privacy/security protocols that would be put in place.
This isn't about CVS not liking Apple Pay or iPhone 6 users. Frankly, it's not even really about Apple at all.
The whole Merchant Customer Exchange initiative is about trying to cut the credit card companies and the hundreds of billions spent on transaction fees out of equation.
The thinking is that if they move to an MCX barcode system (via the CurrentC app) that's linked to your ACH bank card or store card number they save money on every transaction.
The advantage to them, in addition to saving billions in transaction fees is they get to harvest customer data on every sale. Similar to the 'reward card at the grocery store', Target, Best Buy Walmart, CVS and other members would be able to gather (and potentially share) data on all of their customers.
They will likely link some sort of discount/rewards program to it. It may be individual item discounts like grocery stores. It could be a flat discount (3% of purchases) or even a cash back program. Remember, they are going to save potentially billions on transaction fees..so giving some of that money back is a smart investment to encourage use.
The big battle that's going to be waged will be on privacy/security. I expect Visa/MC/Discover/AMEX and now Apple to team up on the front of EMV and Apple Pay solutions allow for anonymous transactions and are more secure than CurrentC. They'll especially play up the idea that your personal buying habits are being stored, shared and shopped. They'll also push the risk of potential exposure of your personal bank account info and question what fraud liability is in place. When debit cards first hit the scene, people were very wary about it being directly tied to their checking account. Limiting fraud liability helped people get over that hurdle.
As a customer I have mixed feelings. We all pay a higher cost for goods/services to mushroomed use of cc/debit cards. But I question how much savings we'd really see under an alternate system and question the privacy/security protocols that would be put in place.