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:apple:pay thing. it's not even 100% secure.

Care to qualify that statement? I've done my own analysis of :apple:Pay and despite not all the details being available, it seems pretty secure to me, and I do information security/encryption for a living.


the only thing that 100% un-hackable right now is bitcoin. so lets all forget this Apay stuff and move into future already.

Oh, my... Bro, do you even read?

http://www.theguardian.com/technology/2014/mar/04/bitcoin-bank-flexcoin-closes-after-hack-attack

http://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency

http://www.theverge.com/2013/12/19/5183356/how-to-steal-bitcoin-in-three-easy-steps

(Love this statement: "Bitcoin heists are actually not uncommon. In June of 2011, a user named Allinvain was the victim of what is arguably the first recorded major Bitcoin theft. Allinvain awoke to find that a hacker had stolen about half a million dollars’ worth of bitcoins. “I feel like killing myself now,” he wrote at the time.")

$1.2M Hack Shows Why You Should Never Store Bitcoins on the Internet


Let's also consider the fact that you can pay with Bitcoin in about as many places in the world as you can with seashells...
 
Technically they could. I think their concern is that once customers get used to using their smartphone for NFC transactions, unlocking their phone and using the CurrerntC app would seem like an additional unnecessary. step.



They don't want customers to get a 6-9 months start using NFC on their phone...then try to convince them that CurrentC is somehow better option.


I think that is exactly it. They have been counting on having high adoption based on being this cool new app where you can pay with your smartphone. If their stores allow customers to get familiar with ApplePay and then they try to use CurrentC, they are going to seem so 2000-and-late!
 
Exactly. Retailers aren't banks. When is the last time you heard of a bank being hacked into?

I'm confused about the point you're trying to make (forgive me for being obtuse). If your point is that banks don't get hacked, you're wrong.

I suspect however, you know that banks get hacked and your point is that all of us trust banks with our most sensitive information despite this. (We kind of have no choice--I have to have a bank, and my bank, of course, has a ton of my financial information.)
 
Again, I'd you decide to use CurrenC, it's like applying for one universal credit card /loyalty program. I expect many will. Many people don't like security breaches like at target but they value saving 5 percent more. Apple pay has no financial incentive for a customer. Notice I say incentive not security. So yes. I think many customers will sign up if it means saving money or other rewards.

No it actually isn't. You are going to have to continue to sign up for/use individual rewards cards and programs, and keep track of every indiviual account/card by yourself. The Target card won't work at Walmart and vice versa. The only way it will remotely work like that is with direct ACH access to your checking account. Most people don't like that at all, they use their credit cards for everything, and prefer to make monthly payments on a credit card balance. That's how the whole consumerism thing works. People buy stuff with money they fon't actually have, on credit.
 
MXC should of stated their position before ApplePay was release and new iPhone 6 was released that they would not support it or Google's NFC version of ApplePay.

Now they have Apple as there enemy!

It going be an interest battle!
 
Uh you can sideload apps on Google's platform. So they don't really need Google...


Yea they would really get mainstream traction with an app that needs to be sideloaded or installed only on jailbroken iPhones or as a webapp for that matter.

I actually hope Apple takes the high road and continues to allow CurrentC in the App Store....doing so just makes MCX appear even more petty.
 
Goodbye CVS and Rite Aid

Merchant Exchange, this is a fight you can't win. I'll bend over backwards to pick Apple's seamless, transparent payment system over your privacy stealing POS alternative.

CVS and Rite Aid don't even deserve correspondence from those of us that are against this inane move. We just need to vote with our wallets, and when their bottom line suffers...
 
The position taken by CVS and Rite I'd is really untenable in the long run. It will change. The pharmacy business so so ferociously competitive that it will have to.

The more you read about CurrentC the less appealing it appears. It has no advantage over Apple Pay at all.

Consumers aren't dumb; the vastly better security of Apple Pay alone is worth it to me, not even taking into account the convenience and privacy advantages.

I don't see how these CurrentC association members will be able to support excluding Apple Pay after they roll out their much inferior alternative and it fails to attain traction.
 
I'm confused about the point you're trying to make (forgive me for being obtuse). If your point is that banks don't get hacked, you're wrong.

I suspect however, you know that banks get hacked and your point is that all of us trust banks with our most sensitive information despite this. (We kind of have no choice--I have to have a bank, and my bank, of course, has a ton of my financial information.)

You understand exactly. As few points of exposure as possible. Retailers have no business having access to to this information intp the first place.

PS - the Chase Bank incident you linked to never had any account number or user account information stolen, it was just contact information, unlike Target's hacked info, for example - no fraudulent activity was ever reported as a result of it.
 
Kind of coincidental that Apple Pay comes out and now this news. Why didn't they do this stuff a few years ago when they were using NFC terminals accepting Google Wallet?
 
Memories

This battle brings back memories, I remember when in the early to mid 2000's circa 2004, Real Player tried to push their media player/ipod competitor through and relative music service instead of itunes....it failed...

Google wallet was a great idea, and could still be a option...

MCX has put together a good and long list of merchants, some who will also accept apple pay, some who will not, but the one thing they have not been able to do so far is bring in a large body of banks and credit cards willing to support them, in fact, they are facing pushback from major players like Chase/Bank of America/Visa/Mastercard and Amex, who vastly prefer the much more secure, and accessible payment function of Apple Pay.

While i will no longer support rite aid or CVS, that is actually an easy decision because both those drugstores actually kinda suck for an average consumer anyway, they are outdated, in bad locations(exception of major cities) or is disrepair, whereas Walgreens in my area are all new and nicely stocked with more competitive pricing.

I expect in the long run MCX will fail, badly, and i argue that it will fail because hardware manufacturers on both sides of the aisle(Google and Apple) will not support it, and if they are pinning their hopes on Windows Phone, well that is a very small subset of the total population, and one must also understand that MCX is more of a US only payment system which will have almost zero international presence, whereas Apple is already building partnerships with China UnionPay(having lived in China, Unionpay is the equivalent of Visa/Mastercard here) and used by all major Chinese banks. NFC/mobile payments via secure device identifier is a far more secure way that is compatible with the rest of the world. whereas MCX will not be..

I think that the majority of retailers signed up for MCX will eventually accept both due to customer demand, and that will be the death bell for this service. I could be wrong, but I use visa/amex/debit with my i6 and have loved the experience so far, mind you i was already a wholefoods customer and many other local merchants where i live have said they will support apple pay in the near future(small biz) as it is cheaper for them...plus they are required to upgrade..
 
The position taken by CVS and Rite I'd is really untenable in the long run. It will change. The pharmacy business so so ferociously competitive that it will have to.



The more you read about CurrentC the less appealing it appears. It has no advantage over Apple Pay at all.



Consumers aren't dumb; the vastly better security of Apple Pay alone is worth it to me, not even taking into account the convenience and privacy advantages.



I don't see how these CurrentC association members will be able to support excluding Apple Pay after they roll out their much inferior alternative and it fails to attain traction.


At least it won't cost them more money to go back to accepting it.....they already own the necessary hardware. :)
 
Yeah, I opted out and unchecked all those boxes a long time ago. Useless.

There's a reason why they only have a junk e-mail address for me.

This sounds like BS. I own multiple Apple products and the only time I get an email from them is when I purchase something or a new product is announced and available in the store. Why don't you post a screen shot of one of these emails you get every day to prove it.
 
You understand exactly. As few points of exposure as possible. Retailers have no business having access to to this information intp the first place.

PS - the Chase Bank incident you linked to never had any account number or user account information stolen, it was just contact information, unlike Target's hacked info, for example - no fraudulent activity was ever reported as a result of it.

Only contact info? As if that's reassuring?
 
CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet

You understand exactly. As few points of exposure as possible. Retailers have no business having access to to this information intp the first place.



PS - the Chase Bank incident you linked to never had any account number or user account information stolen, it was just contact information, unlike Target's hacked info, for example - no fraudulent activity was ever reported as a result of it.


And somewhat ironically, Target RedCard holders (which seems to be the first MCX type of product) also only had contact info stolen....not actual financial info. Not that that's good.....
 
Kind of coincidental that Apple Pay comes out and now this news. Why didn't they do this stuff a few years ago when they were using NFC terminals accepting Google Wallet?

Because they've been working on building their consortium since around 2012 and announced this was coming. But it's about to launch now, hence why they are just taking the defensive.
 
Uh you can sideload apps on Google's platform. So they don't really need Google...

Yup, but the average consumer doesn't know what side-loading is, let alone how you do it. The Google Play Store, and/the official phone manufacturers' stores account for almost all of the App activity on Android.
 
We've had mobile wallet services in the UK for the past 3 years and I've honestly never once seen anyone use it anywhere. I use a contactless payment card whenever possible because it's so quick. Compare that with Apple Pay: Get out my iPhone then unlock it then open the Apple Pay app then find the card I want to pay with then tap and click to pay. It's going to take longer so what's the point. I'm going to have to carry my bank cards with me anyway simply because not everyone will support Apple Pay.

Um, why don't you come back when you actually know how Pay works, because this is NOT how it works at all.
 
Thanks Apple for breaking everything. This has been working for years and suddenly stops after Apple enters? Coincidence? :apple:

Obviously that means it wasn't working (or being used much) before Pay. Hence no reason to shut it off.
 
Only contact info? As if that's reassuring?

No of course it isn't - that's not the point. The point is why would you want to give that info out to 10-20 different points of vulnerability when the way it is most secure and the way it should be is to have your account information only be between you and your bank/financial institution?

What justifiable reason is there for your favorite retailer to have access to and store your bank/credit account with a third party financial institution?
 
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