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CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet
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http://fortune.com/2014/09/09/apple-pay-what-the-analysts-are-saying/
http://amigobulls.com/articles/apple-payments-to-enhance-apple-eco-system
Oh for Apple it's not HUGE money now is it - but I'm sure most business would love to have an estimated $500M-1B in revenue added each year...
The reason Blu Ray never took off was because streaming movies superseded it. They barely learned how to walk before getting cut down with a more convenient technology - why continue devoting money to establish something that's going to eventually fail? DVDs are still available because there's people out there that wish to own their media instead of borough it, but it's still dying. It really wasn't that long ago streaming took over. This example though has little to do with NFC payments catching on or not.
You also forget that majority of phones sold today (Android) are NFC capable.
The thing is, Apple Pay doesn't go against any such deal, it is merely a way for the consumer to avoid swiping a card. You are still paying with a Visa or AmEx.
These 2 pharmacies have turned off their NFC readers to spite...someone. I'm not really sure what they are thinking, it's insane, really. People in this thread have been complaining about childish behavior by posters when it started because of childish behavior from major corporations. I'm betting next week will see some interesting repercussions.
Please! Who are you trying to fool? A thousand bucks out of pocket or 2000+ with a 2-year contract. Swiping a card is free.
God damn, the level of....
Not going to even try.
Here's your original post. I'll let you think it over for yourself. Maybe you'll get it.
Wow, this says it all. Apple does it's homework. Doesn't jump on every new thing. But if they see they can make something work, they implement it like no other. Get on board, or get left behind.
And thank you to the CVS and Right Aid executives who turned off Working NFC for all users. Without you MCX and CurrentC would not have been so exposed and examined revealing the security flaws and data mining motives.
Ok so that's not really hand over fist is it? This past quarter Apple posted $42B in revenue. $500M-$1B is peanuts. Pay is all about getting people to buy more iOS devices, not about making a ton of money off the service itself.
The latest technology is never free. No one's forcing you to use it. Spend your money however you want to and I'll spend my money how I want to.
Realistically it's not a very secure method of payment. It's almost designed to fail. All it's going to take is one high profile data leak or hack and it will fold upon itself. Question is:does Apple want to wait for this to happen or kill it right now? I think this is probably something Apple wants to negotiate before allowing it in the App Store. It could easily be rejected based up:
3.1
Apps or metadata that mentions the name of any other mobile platform will be rejected
8.3
Apps that appear confusingly similar to an existing Apple product, interface, or advertising theme will be rejected
11.2
Apps utilizing a system other than the In-App Purchase API (IAP) to purchase content, functionality, or services in an App will be rejected
11.2 pretty much kills it.
When the movie industry replaced the "digital copy" included in BluRays with a download of an ultraviolet version, i stopped buying blurays. And many people did. The movie industry had decided they wanted consumers to consume the industry's way, and they lost.
History tends to repeat itself...
Companies like Tsrget. That have been hit by hackers and lost millions In business turned their back on ApplePay and instead decided toenail for an unproven system
Blatant stupidly And while CVS hasn't been hit by hackers their customers feel cheated of the convenience and s fruity they should have
CALL CORPORATE COMPLAIN
call corporate voice your opinion
401-765-1500
If you don't trll Bergen they'll think everythings OK
Are you really saying the price to use Apple Pay is the price to buy an iphone? You would use it for anything else? That would be like saying the cost of a carwash is $30,000 because you would need to buy a car to wash.
Unless there is some incentive for consumers to use this CurrentC app to make purchases in stores, I doubt most of them will start letting merchants pull from their checking account, netting no perks. Additionally any incentives provided by these merchants (e-coupons, etc) to use the CurrentC app will negate the 2-3% credit card fees they are trying to make up for. In order for CurrentC to be used as a leverage against credit card companies, CurrentC has to have the potential to decrease their bottom line. Unless tens of thousands of people start using CurrentC, instead of swiping their credit cards (which isn't going to happen), then how can merchants use CurrentC as leverage to reduce credit card transaction fees?
Most people will always use credit/charge cards. Only a small percentage will use phones as their payment system. This small percentage isn't going to be enough for these merchants to "stick it" to credit card companies in an attempt to reduce transaction fees.
Unless I'm missing something... there's a snowballs chance that I'll be using this CurrentC app vs using my credit/charge card. At the end of the day, credit card transaction fees are simply part of the cost of doing business.
Most people will always use credit/charge cards. Only a small percentage will use phones as their payment system. This small percentage isn't going to be enough for these merchants to "stick it" to credit card companies in an attempt to reduce transaction fees.
Unless I'm missing something... there's a snowballs chance that I'll be using this CurrentC app vs using my credit/charge card. At the end of the day, credit card transaction fees are simply part of the cost of doing business.
The annoying thing is Google Wallet is still only available in the States, yet Europe and Asia have a far larger adoption rate for NFC payments. It could have become a dominant NFC payment option given the huge % of android devices in Europe.