Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

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

markie said:
Really? Walmart is a small business? MCX/CurrentC is lead by an executive from Walmart and it's mostly their brainchild.
Click to expand...

Walmart exec heads up MCX.....surprise ....surprise ....surprise

And the plot thickens......now we take you to the Walmart... Err I mean MCX headquarters where we listen in on the plans.......

"Get out there and do something! This Apple Pay thing is way too easy to use, and secure. People will try it and our system won't have a chance."
Yes Sir
"And get our system working fast, this next year stuff is too long. Damn the security just get it going, I need to know all the details on my millions of shoppers, who what where when, and get their medical files too" "Need to know what drugs to stock, and if we have enough depends"
We will get right on it chief!
 
Undo said:
Maybe I don't understand all the technologies and economics and politics. But won't CVS and Rite-Aid be required to turn their NFC readers back on in October 2015 in order to accept EMV contactless payments?
Click to expand...

They are not required by law to do so. In order for them to avoid having to assume financial responsibility for fraudulent purchases, a burden assumed by the banks in the past, is to only allow purchases through their chip readers. Fraudulent purchases not using the chip reader will be the retailers' responsibility.
 
Undo said:
Maybe I don't understand all the technologies and economics and politics. But won't CVS and Rite-Aid be required to turn their NFC readers back on in October 2015 in order to accept EMV contactless payments?
Click to expand...

No is the short answer.

NFC is not required for EMV payments, just a card reader that does chipped cards.
 
I will not be using currentC from MCX. I will continue to swipe with plastic. The main reason I use credit over debit is the extra layer of protection that credit offers and rewards that are not tied to a single merchant. The thought of using an app that is linked to my checking account is worse than using a debit card.

I do not think MCX will succeed. Visa, AMEX, and MasterCard are all very well established brands that are accepted everywhere. Big Issuing banks like AMEX, Citi, Chase, and BOA have mega bucks behind them which means marketing reach.
 
osofast240sx said:
Lets not forget Walmart is behind this. The CEO of Walmart did this just to spite Visa and MasterCard
Click to expand...
Ah, yeah. I don't shop at Walmart anyway. I do shop at CVS, though, and probably won't "boycott" them over this, but I will choose a Walgreens over a CVS because of Apple Pay…
 
Last edited:
ProfessorHenry said:
I pay them nothing.

It is Apple who loves you - you pay them $1000 to do something I can do for free.
Click to expand...

Regardless of whether or not you use a credit card, you're paying the credit card companies every time you make a purchase at an establishment that accepts credit cards as payment. Well, unless the establishment explicitly lists a lower "cash" price, which you see sometimes at gas stations.

The thing is, CC companies charge a percentage fee for each transaction. A given establishment really has no choice but to account for this "cost of doing business" by jacking up their prices accordingly.

This is why some mom and pop stores will let you slide on the extra pennies when your bill comes to $5.04... if you're paying cash.
 
kas23 said:
They are not required by law to do so. In order for them to avoid having to assume financial responsibility for fraudulent purchases, a burden assumed by the banks in the past, is to only allow purchases through their chip readers. Fraudulent purchases not using the chip reader will be the retailers' responsibility.
Click to expand...

Thanks for the reply. I guess I'm assuming that the "chip readers" are also "NFC readers". I'm also assuming the MCX retailers will also want to avoid the responsibility for fraudulent purchases. My question is based on what I read here...

EMV standards have been commonplace in most markets for over a decade, and come October 2015, merchants in the United States who haven’t upgraded their terminals for compliance will be liable for fraud that takes place at their store and/or terminal locations. In the process of upgrading to EMV standards, many merchants will also include the contactless readers and thus will simultaneously become NFC payment ready. This changing technological landscape will set the groundwork for widespread NFC mobile payment accessibility in the US and in other markets that are on a similar path.--http://datacardedge.com/articles/emv-vs-nfc-technology-setting-the-record-straight/
Click to expand...
 
bpcookson said:
Regardless of whether or not you use a credit card, you're paying the credit card companies every time you make a purchase at an establishment that accepts credit cards as payment. Well, unless the establishment explicitly lists a lower "cash" price, which you see sometimes at gas stations.

The thing is, CC companies charge a percentage fee for each transaction. A given establishment really has no choice but to account for this "cost of doing business" by jacking up their prices accordingly.

This is why some mom and pop stores will let you slide on the extra pennies when your bill comes to $5.04... if you're paying cash.
Click to expand...

True. The price of convenience. iPhone users pay the same price plus Apple premium. All I'm saying is that the premium is ridiculously high for such a minor thing.
 
JAT said:
But since it is all the same machine, can one be turned off and not the other?
Click to expand...

Yes. The software on the register has to support it, as does the merchant agreement with their processor.

Target has the readers, but NFC and chip are currently BOTH not active. Chip is awaiting a software update to go live, theoretically NFC could be turned on too.
 
ptb42 said:
The character (portrayed by Mandy Patinkin) is famous for this catch phrase:

"You keep using that word. I don't think it means what you think it means".

I believe the OP's point was that when most claim what they wrote is a "fact", it really is an opinion.
Click to expand...

Ah, ok. that said, I stand behind my original statement as being correct.
 
Rogifan said:
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.
Click to expand...

The fault in your logic is that you're applying it to Apple. Making 500M - 1B extra a year is indeed, making money hand over fist. Most companies would love that "bonus" money.

And if money weren't an issue, why would Apple even ask for this chump change then? You know - since it's peanuts and ALL about getting people to buy more iOS devices....
 
bushman4 said:
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
Click to expand...

Called and left message thanking him for closing NFC system to Apple Pay. By doing so he caused me to research CurrentC and concluding I will never sign up for or use the system.
 
ProfessorHenry said:
True. The price of convenience. iPhone users pay the same price plus Apple premium. All I'm saying is that the premium is ridiculously high for such a minor thing.
Click to expand...
You know it does phone calls and texting, too, right? Also surfs the internet. Several other people have found the price of it, or its competitors, to be worthwhile to them.
 
kas23 said:
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.
Click to expand...

It's already in the App Store and it's being ravaged in reviews by supporters of Apple Pay:

CurrentC by Merchant Customer Exchange, LLC
https://appsto.re/us/0wHA2.i
 
JAT said:
You know it does phone calls and texting, too, right? Also surfs the internet. Several other people have found the price of it, or its competitors, to be worthwhile to them.
Click to expand...

Yes, I do - something I can do without an iPhone. If Apple expects me to pay $1000 just to get this new feature, they are delusional.
 
ProfessorHenry said:
Yes, I do - something I can do without an iPhone. If Apple expects me to pay $1000 just to get this new feature, they are delusional.
Click to expand...

Me thinks, you think, much too highly of yourself. I strongly suspect Apple nor the 40 million iPhone purchasers of the last three months really don't expect anything from you at all. Nor do we care if you want one or not.
 
tsturbo said:
Stopped shopping cvs when they discontinued tobacco. Walgreens got my business. Cvs should not be in the business of deciding what I can or cannot buy or if it's good or not good for ME, THAT IS MY DECISION!:D
Click to expand...

CVS has every right to not sell tobacco just like Best Buy has every right to not sell fresh fruit and vegetables. CVS isn't preventing you from buying cancer on a stick, you just have to buy it somewhere else.
 
HEK said:
Walmart exec heads up MCX.....surprise ....surprise ....surprise

And the plot thickens......now we take you to the Walmart... Err I mean MCX headquarters where we listen in on the plans.......

"Get out there and do something! This Apple Pay thing is way too easy to use, and secure. People will try it and our system won't have a chance."
Yes Sir
"And get our system working fast, this next year stuff is too long. Damn the security just get it going, I need to know all the details on my millions of shoppers, who what where when, and get their medical files too" "Need to know what drugs to stock, and if we have enough depends"
We will get right on it chief!
Click to expand...

Yup, basically. I want to cancel my RedCard debit over it, but I'm not yet because I'm curious how this plays out with the security features they're adding to it next year.
 
patent10021 said:
2000+ posts? WTF:eek:
Click to expand...

I know!

Thank you CVS and Rite Aid.

You can't buy advertising like this. Even showing up on mainstream media.

Apple thanks you, Apple Pay users thank you, Google Wallet users thank you, all other NFC users thank you.

In a few days you have promoted Apple Pay and NFC farther than over a year of Google promoting NFC.

We should start a pool to guess when you will turn NFC back on.
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back