Sams Club doesn't accept VISA credit cards but I use my Wells Fargo VISA debit card there and they will run it as a credit transaction -- no PIN.
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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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Sams Club doesn't accept VISA credit cards but I use my Wells Fargo VISA debit card there and they will run it as a credit transaction -- no PIN.
Wow, I hadn't even thought about this. That's slick Apple worked that deal. Do you know which fee is charged when Apple Pay is used over the internet? Stores ought to love that if it's still the lesser one.
Isn't this thread / article about CVS disabling *all* NFC payment in order to shut out Apple? CVS isn't saying, we don't want to pay Apple's fee. They're saying we're cutting out all contactless payment except for next years "CurrenC".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.
Doesn't affect me either way. If you've been following my post comments, I'm not an NFC user for payments.
My comment has nothing to do with who was first or better. Obviously, Apple users only care (rightfully so) when/if Apple implements something. Until then - who cares? And some go as far as knock any feature/benefit another OS has because they are insecure or whatever.
Again- I welcome Apple Pay and think it's great. But that doesn't mean I can't see why retailers want to push their option. It has nothing to do with Apple, Google, etc and everything to do with saving CC transaction fees. And also ensuring they collect more specific data vs generic buyer behavior in their stores.
On that last point - if you look at the industry - retailers are doing everything they can to have more 1 to 1 conversations with their customers. Customers have begun to expect that. That's why people here in this thread go to twitter, facebook, etc to voice grievances. And why customers are increasingly getting annoyed when a brand will target them with an ad without understanding who they are or their purchase history. Why are you emailing me sales info on a product I just bought. Or worse - one that has no value to me? That's the data conundrum isn't it. Customers have increasing demands that brands not just spam them with offers and emails but also don't want to give out too much information about who they are and what they want.
I have no problem (and don't see why you would think I would) with stating Apple Pay is an improvement over some other methods of payments that currently exist. I would never state otherwise.
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You're not seriously asking that question, are you? You know the answer to that. Just like you know that once CurrentC is rolled out, they will still offer CC payments as well.
Hopefully Walgreens keeps accepting Apple Pay. Last thing I want - angry mobs of Apple zealots off their meds roaming around.
It's widely acknowledged that Apples passionate cult like fan base is unique. That's done wonders for Apple's success.
Android buyers are less attached to their phones and don't view them as cool status symbols. Therefore they are more focused on other aspects of life.
The new, free, Chip and PIN CARDS are more to their liking. No need to spend up to one thousand dollars on an iPhone just to look cool at the checkout counter.
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.
For the millionth time in this thread:
Apple is not taking any profits away from retailers. Their cut comes from the fees that credit card companies already impose on retailers that elect to accept their payment.
Also not true. ALDI is a German company owned by the Albrecht brothers. In Germany, they have ALDI Nord(north) and ALDI South. The ALDI South group operates as ALDI Foods in the US as I have 3 or 4 just in my area.
Theo Albrecht, of the ALDI Nord group, is the one who bought out Trader Joes in the US back in the late 1970s.
The ALDI stores DO NOT accept credit cards as I stated earlier.
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.
You don't seem to know much about this particular situation or receiving payments via credit card in general. Your comments are comical.
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.
I don't think you understand Apple Pay.
1) It went live less than a week ago. Its hard to judge uptake and enthusiasm after one week. I've used it everywhere that has NFC payments, which is most places that I've spent money.
2) Retailers DO NOT give a cut of anything to Apple. They pay the same cc fee that they did before Apple Pay.
Macrumors single handed gave CurrenC a big one star review keep them coming.
Also not true. ALDI is a German company owned by the Albrecht brothers. In Germany, they have ALDI Nord(north) and ALDI South. The ALDI South group operates as ALDI Foods in the US as I have 3 or 4 just in my area.
Theo Albrecht, of the ALDI Nord group, is the one who bought out Trader Joes in the US back in the late 1970s.
The ALDI stores DO NOT accept credit cards as I stated earlier. From their FAQ page.
Bold emphasis is mine.
I hadn't heard of MCX until recently, and I believe most of the consortium's current customers are unaware of it's impending (2015) launch. What will be interesting to watch is when they do initiate the CurrentC program, though. From the various documents/sources that have been listed throughout the thread, it appears that once they bring the program online, the only pay options at Walmart, Target, et al, will be cash, CurrentC, or the store-issued credit/debit cards (Target RedCard, etc).
I can't believe their customers will flock to tie in their checking/savings accounts directly to these stores. Our (small) company offers direct deposit of paychecks, and over half of our employees refuse it because they just don't trust the idea of any entity having direct access to their bank account. It's a very small sample, I know, but I have an idea that a lot of people are leery of that, so I'lll be curious to see how their roll out is.
There's a whole lot of fail in their proposed process. I'm fairly certain reversing/disputing a charge through ACH is a lot more cumbersome than dealing with a credit card company. And why the hell do they need to track your health data??? Privacy much? Give them your SSN and drivers license to nicely tie in with your checking account number? Yes, just the information I'd like Target and Walmart to have.
On the plus side is an item I gleaned from the sources. If it's correct it offers some hope - apparently the merchants signing up with MCX had to sign a 3-year exclusivity agreement from the date they signed up. There is speculation that some of the merchants are nearing the end of their exclusivity agreement (if they got on board in 2012), and so may be able to reinstate NFC payments and take bank-issued credit cards when that ends. I hope so, at least.
Apple did what it does best - developed a process that is clean, elegant, and a win for both sides. The CC companies like it because it offers much better protection against fraud, the customers win because we get better security and a quick and smooth checkout experience. MCX is so clearly only a 'win' for the merchant, which no thought for the customers' security or convenience. The whole process is so clunky and outdated, I can't imagine it will gain any traction.
I can't believe their customers will flock to tie in their checking/savings accounts directly to these stores. Our (small) company offers direct deposit of paychecks, and over half of our employees refuse it because they just don't trust the idea of any entity having direct access to their bank account. It's a very small sample, I know, but I have an idea that a lot of people are leery of that, so I'lll be curious to see how their roll out is.
There's a whole lot of fail in their proposed process. I'm fairly certain reversing/disputing a charge through ACH is a lot more cumbersome than dealing with a credit card company. And why the hell do they need to track your health data??? Privacy much? Give them your SSN and drivers license to nicely tie in with your checking account number? Yes, just the information I'd like Target and Walmart to have.
On the plus side is an item I gleaned from the sources. If it's correct it offers some hope - apparently the merchants signing up with MCX had to sign a 3-year exclusivity agreement from the date they signed up. There is speculation that some of the merchants are nearing the end of their exclusivity agreement (if they got on board in 2012), and so may be able to reinstate NFC payments and take bank-issued credit cards when that ends. I hope so, at least.
Apple did what it does best - developed a process that is clean, elegant, and a win for both sides. The CC companies like it because it offers much better protection against fraud, the customers win because we get better security and a quick and smooth checkout experience. MCX is so clearly only a 'win' for the merchant, which no thought for the customers' security or convenience. The whole process is so clunky and outdated, I can't imagine it will gain any traction.
This thing is going to drag out for awhile. Apple Pay isn't going to die a quick death anywhere except the MCX group who sees it as a direct threat. The issue is gong to play out over the next year or so in the US based on if non-MCX companies see a positive response to Apple Pay and utilize NFC readers as they convert to the 2015 standards.
And the big issue will be if the MCX/CurrentC app gain any traction. I imagine the MCX group will try to hold out for as long as they can to try to push smartphone use to CurrentC. Despite all the revolt talk around here, I doubt Target, Walmart, Best Buy etc. are going to see a big enough hit to make a rash decision. They know the same customers who are mad they can't use Apple Pay, will likely just whip out the same cc/debit card they use today.
The best example someone used in another post was the issue with ATM's when they first came out and you were either on the STAR or Cirrus network. It became a confusing mess for the consumers and eventually everything went to one standard.
The high cost of the new iPhone is of no consequence for me since I can easily afford one, plus the two flagship Android phones I'm buying. Yet I'm an enthusiast.
My brother is a dentist who's a sailing enthusiast. He doesn't care about phones, nor is he paranoid about security. Worse case someone steals his information or identity. He's got a high powered legal team that's a phone call away.
With the new more secure chip and pin cards due next year Apple Pay will likely be a niche method of paying. Billions of people are perfectly happy with the credit card form factor, and their current mobile phone.
It's no big deal, only to Apple.
The 3 year exclusivity thing is an excellent point. A lot of people are mad at CVS...but I imagine some people in their leadership see CurrentC as a sinking ship but have to abide by their agreement...
I especially wonder this about companies like Target who put their feet in both camps.
CVS is not exactly the best shopping experience Not accepting Applepay is going to take CVS down further.
Voice your opinion. Shop Elsewhere!
CVS prices are average at best Service is slow. And now I can't pay the way I feel secure. and where my privacy is better. I'm shopping at Walgreens.
Voice your opinion. Shop Elsewhere!
CVS prices are average at best Service is slow. And now I can't pay the way I feel secure. and where my privacy is better. I'm shopping at Walgreens.
I was standing on principle sad? At least it's not pathetic like your attempts to belittle people who actually have an opinion.
No, Apple does not get a cut of the sale, they get a cut of the already established transaction fee that gets paid to te CC company by the merchant. it is incorrect to say that Apple get a cut of the sale from the merchant. It is correct to say that Apple get a cut of the existing and established transaction fee already in place for the CC transaction. It is a subtle but very important difference. There is zero difference in cost to the merchant between accepting a CC swipe or Apple Pay (Except from October of next year when Apple Pay will actually incur a smaller fee than a magnetic swipe).
Correct.
I know your question is a rhetorical one. You know the answer, which is that a big national or international chain like those who are members of MCX would be way too financially hurt by not accepting the almost universally ubiquitous payment method that is Visa/MC. We are all aware that actual physical cash makes up only about 3% of the "money" currently out in circulation? Going back to only accepting cash after having accepted Visa/MC labeled debit and credit cards would eliminate way too high a percentage of their business than they could bear overnight.
You obviously are being willfully disingenuous at this point. Taking the chipped cards directly will incur the EXACT SAME fee from the CC companies as taking Apple Pay.
All you have to do it take a look at the timing of the chain of events to get an idea of what the impact of Apple Pay has been in just the first week of its existence. Some of the largest of the MCX merchants rush to inhibit Apple Pay's swift uptake at their own locations by making the knee jerk reaction to switch off NFC completely in fear of it leaving their proprietary system dead and buried before it can even launch.
This isn't about Apple Pay - it is about the CC companies in general. MCX believes that if they can lead the way with the transition to mobile payments in the US (and US only) then they could make a play to cut the CC companies out of the process completely eventually when plastic cards eventually become obsolete in the coming decades. (note I say obsolete, not unaccepted) Problem is it is slightly overambitious to try to get in under a payment system that controls such a high percentage of the total consumer transaction activity as Visa/MC/Amex do, and if they play their cards wrong, it could come back to bite them in the long run.
What's going to kill CurrentC is the apparent requirement that you link your CHECKING ACCOUNT directly to them by giving them all your banking details. Lots of people are going to balk at that, Apple Pay or no Apple Pay. Seems like a giant step backward in security to me - to say nothing of the obvious true purpose of that project, which is retailer information gathering on their customers. Ick.