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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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Probably because MCX didn't get off the ground until after Google wallet and less media attention to google wallet as opposed to Apple pay.
But they don't support passbook.
A series of retailers are opposed to the success of Apple Pay because the new system keeps user's transactions private and doesn't collect or track their purchasing history, providing the store with little more than the funds to cover the sale.
Retailers want: CurrentC
Banks want: Apple Pay or a similar technology
Consumers want: Apple Pay or Google Wallet
When, in the history of ever, has the market not been decided by consumer choice? All proprietary technology requires consumers. Blu Ray, VHS, LCD/LED TVs are all examples of consumer choice.
LCD TVs just killed plasma. LCD TVs are inferior to plasma in almost every circumstance. Consumers based their choice on fictitious flaws and marketing. Plasma died. Consumers chose, in this case, the inferior product and determined the market. Apple Pay is the superior technology, has much better marketing, and has a lot of big companies on board. It will destroy CurrentC in the long run. It's just going to take time, like all technology battles.
Banks want: Apple Pay or a similar technology
Consumers want: Apple Pay or Google Wallet
When, in the history of ever, has the market not been decided by consumer choice? All proprietary technology requires consumers. Blu Ray, VHS, LCD/LED TVs are all examples of consumer choice.
LCD TVs just killed plasma. LCD TVs are inferior to plasma in almost every circumstance. Consumers based their choice on fictitious flaws and marketing. Plasma died. Consumers chose, in this case, the inferior product and determined the market. Apple Pay is the superior technology, has much better marketing, and has a lot of big companies on board. It will destroy CurrentC in the long run. It's just going to take time, like all technology battles.
Oh well...
one down.... Lets see how long how many more stores do the same..
This time, its probably just an "change in behavior"
However, fact its looks like their probably working on something "else". Will it be secure? Probably not... But the fact its a chemist... well,,, everyone will like that.
one down.... Lets see how long how many more stores do the same..
This time, its probably just an "change in behavior"
However, fact its looks like their probably working on something "else". Will it be secure? Probably not... But the fact its a chemist... well,,, everyone will like that.
For you, me and rest of tech geeks, yes. We are a small percentage of Google/Apple users
Most Google and Apple users don't know half of their phone's OS capabilities. They text, play games, surf the web and load apps from the App Store.
Not true. Aldi operates as trader joes in the US and they certainly take credit cards.
Steve Jobs also said that no-one would want to watch videos on their iPod, only a few months before launching the 5th Gen iPod that had video capability..
I wholeheartedly agree to this. I have the exact same experience, and both my family and my work use exclusively Apple products/services/software. I have never opted out of any sort of email list and only receive emails when I pirchase a new device, or a couple of days after a new product update or launch inviting me to check it out. Oh, also during the major campaigns...education in the summer, holidays in the fall, and Valentine's day.
Hardly a deluge.
Then I look at my wife's email. Every retailer she's ever bought something from online she gets at least semi weekly spam from, it is ridiculous.
To say that Apple is even in the worst 60% of email spamming retailers puld be a stretch IMHO.
I'd love to see some of those Apple spam emails myself.
Be nice, he knows now.
It just bugs the crap out of me when people pass off as fact things that are not fact at all. But what's worse is people posting information they know is false (like Apple getting 30% cut) because they get their jollies out of trolling MR and the mods don't seem to care.
Nope... You get out your phone, tap and touchid to pay, unless you don't want to use the default card you set.
Just a correction to this...I need to add that I do get emails from Apple when I change the password associated with my Apple ID and I did get one when I set up 2FA for iCloud. But I would hardly consider that spam. I'll believe it when I actually see one of these alleged spam emails. Even then I have a hard time believing someone is getting them every day or multiple times a day and had no success opting out of them.
It does not shut of Chip and PIN. It only cuts off contactless NFC payments. Chip and PIN requires you to physically insert the card into the reader.
Consumers are dumb, and if currentc does something like 5% discount on anything you buy, people will go through some silly hoops to use it. I heard someone talking about how they got $20 for setting up and using Isis for the first time. Things like that are their only hope.
Walgreens already has my business to begin with, I don't like CVS. Publix is privately owned by its employees and therefore they don't offer NFC payment yet, since I do most of my shopping there, I could care less about mobile payment systems anyhow.
I think the way it works is this way:
Fred goes to the store, and buys a widget for $10.
The store charges Fred $10.80 (0.80 for sales tax) on his credit card.
The store submits the slip (physically or electronically) to their bank and they get a check for $10.476 (97% of $10.80)
The store then does this (or may have already done this):
Pays Widgetco $5 for the widget. (leaving $5.476)
Pays the State 0.80 for the sales tax (leaving $4.476)
Pays the employee $2.00 (leaving $2.476)
Pays for the building, lights, utilities $1.00 (leaving $1.476)
Pays the owner $1.00 (leaving $0.476 for profit)
So, now we see why CurrentC vs. Credit Card is 3% vs. 1.5% is such a big deal. That's a difference between $0.638 and $0.476, in this, admittedly potentially flawed example.
It does NOT prevent from using your chipped cards. You have to insert them into the reader. It only prevents contactless NFC payments.
CrappyC Will attract some low end only care about the ultimate price customers, which isn't sustainable. They will need to get the masses in, with more disposable income, for it to work. One low end demographic won't be enough.