CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet

[ptb42]

To be fair, pretty much all of the reviews came AFTER this news story.

Yes, all of the written reviews are dated 10/24 and later.

Monday is going to be an interesting day at CVS and Rite-Aid. Another poster pointed out the sh**storm on their Facebook pages. One of the most interesting comments: "you have achieved a monumental feat: you've united Android and iOS users against you."

I wonder what the other members of the MCX consortium are thinking.

 

[Yellowjacket89]

ApplePay works well at Wallgreens

I have used Apple Pay twice this week at Walgreens and it worked well.

 

[diegogaja]

For somebody with the screen name macfacts, you shouldn't get your straight. Apple does not get a cut of the sale.

Apple isn't paying a penny for the NFC terminals in stores. The stores themselves are paying for those new NFC terminals because of new rules regarding fraud liability from the credit card companies.

Apple should have given some incentive for stores to use apple pay. Right now with apple pay, apple gets a cut of the sale. Rite aid and CVS wants to be the company that gets that cut. Nothing wrong with a company wanting to make more money.

 

[samcraig]

For somebody with the screen name macfacts, you shouldn't get your straight. Apple does not get a cut of the sale.

Apple gets a cut of the service fee that CC companies charge the merchants. Merchants don't have any additional fees. This commission is paid from the CC company to Apple.

But yes - Apple does get a cut from the sale. Maybe you should read more?

 

[JAT]

Yes, all of the written reviews are dated 10/24 and later.

Monday is going to be an interesting day at CVS and Rite-Aid. Another poster pointed out the sh**storm on their Facebook pages. One of the most interesting comments: "you have achieved a monumental feat: you've united Android and iOS users against you."

I wonder what the other members of the MCX consortium are thinking.

LOL! That is a great comment.

 

[iososx]

Apple Pay is a great step forward in terms of end-user financial security, and I believe that Apple are doing what they do best - taking an existing technology and improving it's usability allowing a much wider adoption by the public.

I agree. It's a great way to sell iPhone's also, since without an iPhone 6 the customer is unable to use the exclusive Apple Pay system. Perhaps Apple should advertise how many average transactions are required before the phones paid for itself.

 

[BruiserB]

Yes, all of the written reviews are dated 10/24 and later.



Monday is going to be an interesting day at CVS and Rite-Aid. Another poster pointed out the sh**storm on their Facebook pages. One of the most interesting comments: "you have achieved a monumental feat: you've united Android and iOS users against you."



I wonder what the other members of the MCX consortium are thinking.

The one good thing is that MCX is the sum of its members. If the members get scared they will change pretty quickly.

 

[iChrist]

Huh, 30%, are you on some drugs? Its o.15% and the marchant sees no difference. If the small business are so oppressed, then can go back to taking cash, nothing is stopping them at all. Credit card companies should just start pulling their terminals from retailers and let them fend for themselves a while. When they're hacked and you banking and credit card info is leeked, then they could come crawling back.

BTW, the people involved in MCX are not small merchants at all so its again one big HUH!

I see you are confused. If ApplePay is so great with such a low fee, and helpful to the business and consumer...

WHY is everyone backing out of using it???

 

[JAT]

For somebody with the screen name macfacts, you shouldn't get your straight. Apple does not get a cut of the sale.

Apple gets .15%, pretty clearly stated everywhere. A small amount of the 1.7-4.5% cut that credit cards charge to the retailer.

 

[BruiserB]

I agree. It's a great way to sell iPhone's also, since without an iPhone 6 the customer is unable to use the exclusive Apple Pay system. Perhaps Apple should advertise how many average transactions are required before the phones paid for itself.

But the phone isn't going to pay you for using it. Maybe in the future we'll see the card companies rather than the carriers subsidizing iphone purchases. Lol

 

[GrimmsGirl]

Only by opening them all at once, maybe. Opening one per year will increase your rating, most likely. You actually do need many accounts to have a high rating. But yes, choose them wisely. I tend to stay away from store accounts, too.

You might be right, however I don't see most people choosing to only open one per year. If someone typically only uses credit at several of these stores already, and they're anxious to start using their mobile wallets in order to have all the linked rewards, coupons etc... available to them at time of purchase, I would suspect many will just open multiple store accounts at the same time. Until they go to open another one and can't figure out why they got turned down...

 

[TonyC28]

Who woulda thunk it would be so difficult to get businesses to take our money?

 

[JAT]

I see you are confused. If ApplePay is so great with such a low fee, and helpful to the business and consumer...

WHY is everyone backing out of using it???

Perhaps reading the thread will inform you. Or, just the news story at the top.

And, "2 pharmacy retailers" isn't exactly "everyone".

 

[31 Flavas]

And no - I am not arguing that Google did it first or better or is more or less secure. I just find it amusing that NFC payment wasn't a big deal to the Apple community for the most part... until it was.

Well, I'm curious here. Isn't the common rift against Apple that they are always a day late and a dollar short? Just watch any Samsung commercial: "We are better because we do X, Y, Z or did A, B, C before Apple. If you buy an iPhone you clueless and wasting your money. Buy our stuff and you'll be ahead of the curve and be able to do things iPhone users are still dreaming they could do!"

So if that is the case -- Why does Apple keep putting everyone on defense?

I'd venture to say NFC payment wasn't a big deal (prior to ApplePay) because it wasn't any substantial improvement. I mean, you can't exactly claim Apple was cramping Goggle's style with Google Wallet. Apple didn't have its feet in the pool until iPhone 6.

Whether you want to admit it or not ApplePay is a humungous improvement. And I'd say just as iOS, iPhone, iPad, and the Macbook Air before it -- it will cause everyone to play catch up. Do you really think Samsung, of all businesses, is really going to let Apple just run with this? Are you or other Android users really going to say, eh, Goggle Wallet is just fine.

 

[iChrist]

Monday is going to be an interesting day at CVS and Rite-Aid. Another poster pointed out the sh**storm on their Facebook pages.

I wonder what the other members of the MCX consortium are thinking.

lol

Ok, here's a thousand euros (or pesos or bucks or whatever money you want) stating that NOTHING will happen Monday.

No one cares, there's not one major news story on this. The only people that care are some people here who don't understand that Apple Pay is a HANDOUT to credit card companies and their pilfering of small business.

 

[haulis]

I see you are confused. If ApplePay is so great with such a low fee, and helpful to the business and consumer...

WHY is everyone backing out of using it???

Everyone?

It has already been explained why those that are backing out are doing so.

Also, since the US is so behind the times it is going to take a while for retailers to start accepting (terminal upgrades etc.)

From a non-US centric stand point, Apple Pay will be much more successful in other countries since they already have this type of system in place, and have so for years. It is going to take some time in the US.

 

[zioxide]

I see you are confused. If ApplePay is so great with such a low fee, and helpful to the business and consumer...

WHY is everyone backing out of using it???

Because they want to mine your data and Apple Pay prevents them from doing that.

 

[JAT]

You might be right, however I don't see most people choosing to only open one per year. If someone typically only uses credit at several of these stores already, and they're anxious to start using their mobile wallets in order to have all the linked rewards, coupons etc... available to them at time of purchase, I would suspect many will just open multiple store accounts at the same time. Until they go to open another one and can't figure out why they got turned down...

It would be nice if we could teach the general populace about the real effects of credit. Opening, closing, usage, limits, balances, etc. I've been studying this year, raised my score over 50 points so far.

 

[richman555]

Not trying to make excuses for Rite Aid and CVS however they probably entered into a bad agreement with Currentc which they will regret. Also, I am sure the higher ups who signed on to these agreements are trying to save face

 

[MyopicPaideia]

Apple Pay may appeal to iPhone lovers, but it's ultra high cost and timing may be it's downfall. Check out this article:

"Chip and PIN Cards. Every credit card in the U.S. will be replaced by October 2015 with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal.

Both Visa and MasterCard are committed to the switch, which will render extinct the plastic in your wallets and purses right now."



http://www.businessinsider.com/chip-and-pin-credit-card-changeover-in-2015-2014-2

How about epic perfect timing? In conjunction with the new payment terminals that are going to be required, most of them will be NFC enabled. Apple Pay is not competing with the new Chipped cards, it is actually working with Visa/MC and riding in the wave of the new requirements with the 100% backing of the cradit card companies.

That's the whole point of launching Apple Pay now. They want to be synonymous with the new, more secure system by providing the ultimate in secure CC transactions.

Seems like you're the one who's missed the boat here. There is no ultra high cost. Merchants actually pay the more advantageous lesser "card present" fee when accepting an Apple Pay payment at their NFC terminal.

Curious as to your thought process with this post?

 

[Rogifan]

Apple gets a cut of the service fee that CC companies charge the merchants. Merchants don't have any additional fees. This commission is paid from the CC company to Apple.

But yes - Apple does get a cut from the sale. Maybe you should read more?

But the merchant isn't paying Apple. If this is all about CC service fees then why don't the merchants stop offering CC as form of payment right now?

 

[Rettun1]

Maybe it's just a waste of time, but I just sent this message to RiteAid's customer service on its website:

I recently bought an iPhone 6. Part of the reason I bought the iPhone is that I want to start using the contactless payment method permitted by Apple Pay instead of using my less secured credit card.

I've read that Riteaid will not allow contactless payments from Apple Pay, Google Wallet or any other NFC based system. I understand that the reason is that Riteaid will be part of a consortium of retailers who are trying to save money by cutting out the credit card companies and will present their own mobile payment system sometime in 2015. Perhaps Riteaid will pass that savings along to their customers.

I'm a long time Riteaid customer, but I'm transferring all of my prescriptions away from Riteaid to Walgreens, who is continuing to support contactless payments. Walgreens is slightly less convenient than Riteaid, but I don't want to support a retailer who harms its customers in an effort to gain leverage against the credit card companies.

Perhaps Riteaid's mobile payment plan will be just as convenient as Apple Pay on my iPhone 6, and I'll come back to Riteaid. We'll see when Riteaid's system is up and running in 2015. In the meantime, I'll do as much of my shopping at Walgreens as I can.​

Beautiful, I love it

 

[partouse]

If Apple doesn't come out very publicly against what CVS and RiteAid are doing so that the global media focuses on them like a laser and the bad publicity upsets investors, we will see a quick death to Apple Pay and NFC in stores. Why? Because customer data with Apple Pay can't be monetized more than credit cards like their own solution.

 

[MyopicPaideia]

Everyone?

It has already been explained why those that are backing out are doing so.

Also, since the US is so behind the times it is going to take a while for retailers to start accepting (terminal upgrades etc.)

From a non-US centric stand point, Apple Pay will be much more successful in other countries since they already have this type of system in place, and have so for years. It is going to take some time in the US.

Yup, would be advantageous for Apple to launch with the top 2-3 banks in each of at Germany, UK, France, Benelux, Spain, Italy, Switzerland, and the Scandinavian countries. It would spread like wildfire over here.

 

[iChrist]

How about epic perfect timing? In conjunction with the new payment terminals that are going to be required, most of them will be NFC enabled. Apple Pay is not competing with the new Chipped cards, it is actually working with Visa/MC and riding in the wave of the new requirements with the 100% backing of the cradit card companies.

Epic perfect timing? lol

Looks like it based on the uptake and enthusiasm by retailers. Better to take the chipped cards directly and not have to give Apple a cut of their profits.