yes, but then those retailers will incur the interchange fees that go to visa MC and AMEX, which is the whole reason that Walmart started MCX.
Since AMEX has the highest interchange fees, maybe we should all use AMEX at cvs and rite aid now.
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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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yes, but then those retailers will incur the interchange fees that go to visa MC and AMEX, which is the whole reason that Walmart started MCX.
Since AMEX has the highest interchange fees, maybe we should all use AMEX at cvs and rite aid now.
What problems? I can see the FTC sniffing around about monopolies, but Apple doesn't need to advertise that they're doing it due to CurrentC. It's a privacy issue actually. All stores participating is CurrentC will be sharing privacy data - medical information and buying habits as well as where products were bought. For that alone, Apple can pull them. Remember, Apple has removed Apps for far less. Apple should let them be aware that without their cooperation, CurrentC is DOA.
Me too... just got Joshua Tree and Rattle & Hum on Amazon Prime.
Crap! Are U2 and Amazon on the Hate List?
If a store intentionally blocks Apple Pay, I will explain to the cashier that I will simply stop shopping there, and follow up with a complaint to corporate.
It may make sense to mobilze customer backlash by shaming these companies. Perhaps a website with instructions on where to find a competitor that does take Apple Pay near a store that does not.
It may make sense to mobilze customer backlash by shaming these companies. Perhaps a website with instructions on where to find a competitor that does take Apple Pay near a store that does not.
It's even worse than that. Another poster pointed this out:
http://support.currentc.com/#Account-Maintenance
Enter your personal information Note: Drivers license number and social security number are used to confirm your identity. This information is not stored in your phone.
Yes - I'm still wrapping my mind around the idea that their leadership would really want to lock out anyone who didn't opt to sign up for that stupid ACH/QR code payment, or use the company-issued credit/debit card. It just seems so shortsighted on their part.
Although, I think the average customer has no idea this is even coming, so any decisions made by the MCX merchants will likely be held off until their program is actually rolled out and they see whether the uptake is worth the alienation of ApplePay/GoogleWallet users.
Not stored in your phone - but it sure is stored in some CurrentC cloud computer. CurrentC seems more a phishing expedition than anything else.
EDIT: Can you imagine as a CurrentC retailer having to explain to your customers that you didn't lose their credit card info to a hacker - but their bank account details, DL#, AND SSN? CurrentC's and retailers using CurrentC are going to be a huge target for hackers. You'll get a ready-made trove of identity theft - none of this pile of mostly nonworking CC's nonsense.
It doesn't get passed on to the stores, where the customer. What the companies pay to Apple in the transaction fee, will be made up in savings from having to pay out money for fraud.
Nope, they can use Google Wallet instead, everywhere that Apple Pay is accepted, because they both use standard NFC terminals.
I know - it's amazingly intrusive, and wrong on so many levels. I would think (hope) that when people go to sign up for this, that requirement would scare them off. That, and the fact that the app will track health data.
Most US card issuers are not and will not issue Chip and PIN - they are issuing Chip and signature cards, which are about as half-baked as they sound.
Of course is Apple wasn't involved there would be far less discussion of it on an APPLE themed forum where people come to discuss issues dealing with APPLE products and services. What else do you expect APPLE users to discuss on an APPLE forum?
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If you insert the card into the chip reader it reads the chip. If you slide it along the side, where the mag strip reader is located, it reads the mag strip.
He wants to do nothing but complain about Apple products on an Apple forum, so who knows what he expects.
No, I understand, but I think it is a bit odd, to just want to look like you are cheap... I also had a bad experience just this past summer while in vacation in the US to visit family. Was unaware of the cash only nature of the store, so not only could I not get the wider selection of good I was looking for, I had to go find an ATM at a gas station across the street and pay a nasty international cash advance fee, etc. Needless to say I was unimpressed and bith my wife And I both agreed we wouldn't be going back to that place ever again.
I think all stores have to accept cash by law, but for everything else, you're right.
I would NOT be surprised that a number of retailers get questioned by the FTC and the Justice Department Antitrust Division on why they deliberately are trying to shut out NFC payment systems in favor of CurrentC--a violation of the Sherman and Clayton Antitrust Acts for deliberately locking out competitors.
I agree with you and here's why:
You go to two stores, say, Home Depot and KMart, and you get one of those letters in the mail.
If you paid by credit card, and someone runs up the tab, how much fun is your life going to be? - not much, but it's a call to the CC company, and "clear those charges off my account, please," and if they don't there are protections, plus it you don't live on your credit cards, it's an inconvenience, not hell=putting.
If you paid by a system attached to your bank account, and it gets cleaned out, how much fun is your life going to be? You, essentially have to beg for your money back.
