I agree, none of these things are hard in reality. It's just that a lot of people don't care / don't get it / don't want to switch until they've seen it in-person.
Give Apple Pay 3 years. It will be as normal as swiping a card.
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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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I agree, none of these things are hard in reality. It's just that a lot of people don't care / don't get it / don't want to switch until they've seen it in-person.
Give Apple Pay 3 years. It will be as normal as swiping a card.
Thank you for supporting my argument. You are correct, retailers pay the same credit card fee. Sticking with Apple Pay will lock them into this ridiculous fee.
Instead, small businesses are standing up for themselves and creating a payment method without fees. More profit and more jobs. I hope they succeed.
Small business? Target, Rite-Aid, CVS, Walmart?
Are you kidding?
And how many times have we all participated in "We should " or "Wouldn't it be fun to " discussions knowing perfectly well that nobody is really intending to act on the suggestions.
They won't need to pull the app from App Store. Have you seen the negative reviews. The CurrentC app has to have the most negative reviews ever.
I think what could kill the CurrentC mobile payment system are:
1. The security issues with using QR code, as evidenced by what happened when Alibaba tried it in China with disastrous results.
2. The way that Rite-Aid and CVS turned off their NFC terminals not only to disable Apple Pay, but also Google Wallet and ISIS (now Softcard).
3. Banks and credit unions may NOT allow checking accounts to be linked to CurrentC, given the bad precedent with the Alibaba system.
4. The FTC and the Justice Dept. Antitrust Division asking questions on trying to exclude one existing, proven technology in favor of another one through an exclusive deal, something that might be possibly illegal under the Sherman and Clayton Antitrust Acts.
1. The security issues with using QR code, as evidenced by what happened when Alibaba tried it in China with disastrous results.
2. The way that Rite-Aid and CVS turned off their NFC terminals not only to disable Apple Pay, but also Google Wallet and ISIS (now Softcard).
3. Banks and credit unions may NOT allow checking accounts to be linked to CurrentC, given the bad precedent with the Alibaba system.
4. The FTC and the Justice Dept. Antitrust Division asking questions on trying to exclude one existing, proven technology in favor of another one through an exclusive deal, something that might be possibly illegal under the Sherman and Clayton Antitrust Acts.
Debit transactions are also less in the USA. However, a debit/credit card used for a credit transaction is the most expensive to the retailer. In the US.
Let's be honest here, it looks like we will have to wait a little longer, but CurrentC will be the best thing to happen to Google Wallet and Apple Pay. CurrentC will be a complete disaster.
Thank you for supporting my argument. You are correct, retailers pay the same credit card fee. Sticking with Apple Pay will lock them into this ridiculous fee.
Instead, small businesses are standing up for themselves and creating a payment method without fees. More profit and more jobs. I hope they succeed.
You're kidding right? Credit card fees are the cost of doing business. If you support CurrentC, I hope you are the only one who signs up for it.
Phone (Apple Pay) has less risk than using your card - you realize that right? I could explain that for you if needed.
I think this CVS store wants to disable Apple Pay mainly because they lose all that shopping data from the customers who are paying by other trackable methods like a standard credit card.
With Apple Pay you are still using a credit card, but your name is hidden from the merchant, and yeah, some merchants want your shopping data. YOU are the product again and that's the "dirt" of this story I think.
As soon as the NFC is there and your card is supported by Apple pay you are in; nothing more to be done. If your debit or credit card is contactless (and that's has nothing to do with Apple, just your bank), you don't even need an Iphone to do the transaction.
In the US, already most big cards and banks are ALREADY COVERED and terminals are being changed to accept chips right now for a late 2015 deadline (and NFC will undoubtably be in those terminals (even if not turned on)). That means that there will essentially there's nothing to be done for almost everyone in the US to use NFC by late 2015.
So, what will slowing it down exactly? Just bonehead moves like this, desactivating the existing NFC in he terminal.
Realistically, what are the chances that CurrentC apps are rejected from both the Apple and Google app stores? The overwhelming majority of smartphone users use either iOS or Android. This CurrentC is entirely reliant on a smartphone app. If Apple and Google were to both reject the app, they could destroy the service all on their own. It would gain no traction because no one would be able to get it on their phones. What are the odds Apple and Google both do this?
Agreed, enforcing these non competing clauses has killed MCX off for sure. It's one thing to not endorse and initiate something. But to shut down an operating system because a few people are trying out a new feature on their phone. Well that shows the abject fear that MCX/CurrentC management and it's backer (Walmart) have. You can see the wheels spin in their heads when they see an ApplePay transaction. One touch and done. That must have been an oh sxxt moment.
"Secure" servers
Go to the app and read about it... they are going to store YOUR INFORMATION on their "secure" servers. We've all see how that security works out. All you android fools and continue to give your stuff up to others so that you're still vulnerable and they can spam the hell out of you with their "offers."
Go to the app and read about it... they are going to store YOUR INFORMATION on their "secure" servers. We've all see how that security works out. All you android fools and continue to give your stuff up to others so that you're still vulnerable and they can spam the hell out of you with their "offers."
Wow, just wow @ the number of posts on this. I searched CVS on Twitter and the backlash on their is amazing as well.
I really don't like this new method they have come up with. I saw something posted though that concerned me. Someone mentioned that once CurrentC went live that these stores would only accept it or cash going forward. Is this really true? I can't imagine the backlash that would cause some of these places.
I really don't like this new method they have come up with. I saw something posted though that concerned me. Someone mentioned that once CurrentC went live that these stores would only accept it or cash going forward. Is this really true? I can't imagine the backlash that would cause some of these places.
The other thing that will kill CurrentC is the very strong possibility that banks and credit unions may NOT allow banking accounts to link to CurrentC. When Apple has earned the trust of American Express, Mastercard, Visa, Bank of America, Chase, Citi and Wells Fargo for Apple Pay, that's way ahead of what MCX has achieved.
The problem with Applepal is that it's ridiculously expensive for consumers - one needs a $1000 phone to make it work.
My guess is that Apple and Google can do that anytime they want, its their app store, their os, their phones that CurrentC needs.
More likely, they will just watch CurrentC crash and burn and no do anything about it.
At the current pace of a major retailer/businesses getting hacked (Home Depot, Target, Kmart, PF Changs, Albertson's, Michaels) this year, it won't be long before CVS, Best Buy, or Walmart get hacked as well.
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Its Apple Pay.
The problem is, it doesn't cost $1000. It costs like $650 for unlocked which is what other high end smartphones also cost.
It costs like $200 for a 2 year contract which is what other high end smartphones also cost.
In fact, I got mines for free (actually a lot of people did) because everyone was offering iPhone trade in promotions.
Also you forgot the fact that CurrentC is an app that requires an "expensive $1000" smartphone to work.
Try again.
We should all send a message. Everyone walk into a CVS and gather $100 in merchandise, let the clerk ring it all up, then ask if Apple Pay can be used there as you pull out your phone, when they say no, look at the cashier with a disgusted look on your face and say "well that's disappointing"...then just walk out.
Yes it is a bit off deep end. However consider what a great sound bite or video clip for the local news this is. They eat this sort of stuff up. And if you think this doesn't get board room attention, well let's just watch and see.
The funniest part of all this, is Apple couldn't buy better advertising than this. Between the phenomenal iPhone sales and now this ill advised attempt to quash Apple Pay, Tim Cook must be hurting from all the grinning.
Some dumb upper management person is gonna loose their job over this at CVS and Rite Aid. For closing out NFC and for signing up to the non competing MCX agreement.
I don't feel like reading 87 pages. Could you point out the 5%?
Obviously each person would point to a different 5%.