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So I went to CVS after I read this. I loaded up my shopping cart to the max from accessories from all around the store, then I went to check out with my iPhone using Apple Pay. They said they just turned off their NFC terminals and I wouldn't be able to pay.

So I said "Well, I only have my phone with me, I guess I will get all this stuff at Walgreens instead"...... So I just left and went to Walgreens.

I hope they think long and hard about the inconvenience this has caused when they are restocking all of their shelves with the items in my cart.

Seriously???? You drove to a CVS, pushed a cart all around the store, filling it with stuff, stood in line, waited for all those items to be scanned, then drove to Walgreens and bought the same items???

I don't believe you.
 
You honestly think there is no additional fee due to Apple supplying the Apple Pay? I honestly don't see card releasing financial institutions cutting their own fees so Apple can have their margins. You think partnership means no financial transactions... get serious... Consumer data is one thing but margins play huge role here.

You need to read up on the laws that limit what can be charged for this type of service. Its in the DoddFrank bill. The banks are paying Apple for the security. Trying to get merchants to lock out banks and CC companies was never going to happen anyway. Apple could just as well take a cut from CurrentC transactions as theyve done with in app purchases for awhile now.
 
And, I'd be finding a new doctor the second I found out you were making recommendations that weren't based on my medical health, but instead based on your iPhone 6 and love of Apple.

Wow...oops. I hope you don't tell any of my patients! Oh yeah, this is anonymous, you don't know who the ******* I am, and I really don't give a flying ******* what you think. Whew! That was close! I ALMOST gave a rat's a** what you just said!
 
the fact that these locations have had NFC terminals for quite some time and they have been working all along goes to show how much traction ApplePay has. ApplePay uses the same basic infrastructure as Google Wallet, PayPass, PayWave, etc... which have been working for years. All of a sudden people are using their iPhones to make purchases and now its a problem. This shows that MCX is afraid that this ApplePay thing might actually catch on, validating the whole NFC payment thing in the US. ApplePay uses a version of EMV and if that catches on and more implementations spring up (which is possible since its all the same back end) then it makes CurrentC less attractive (not that it is at all anyway).

If ApplePay had no traction then they would have just left the systems on and accepting payments. You can argue that GoogleWallet, PayPass and PayWave had no traction since they didn't care when people were using those. Now that people are using ApplePay, its a problem. I'd say thats pretty good traction.

I don't see how anyone can at all argue in favor of MCX on this one. Regardless of your views on either system, both systems should be allowed to run their course. Thats how competition works, right? Run NFC along side CurrentC and let the public decide which one they prefer. If your going to accept credit cards anyway (via magstripe swipe) then your already paying the transaction fees and ApplePay doesn't cost anything extra. MCX see's the writing on the walls that their system is going to fall on its face and are having a panic reaction.

Nailed it. Great post!
 
I believe the thing mentioned is that the CurrentC app asks for HealthKit data on iOS.

And for what valid reason would a payment service want to see my HealthKit data. If I record blood pressure, medication info, exercise data, maybe diabetic data. What does that have to do with paying for a set of batteries?

IT'S NOT RIGHT
 
I had collision work done on my convertible in July. The body shop accepts cash or check. No credit cards at all. They do not deal with the insurance company. Adjuster was welcome to inspect the car there of course.

The work was excellent. I paid with a personal check. If I wished there was an option to endorse the insurance check to the body shop.

Prior to getting an estimate at this body shop I went to one of the insurance company's anointed shops. The estimate there was higher than my body shop and it was not a complete collision repair.

Nice deal for the anointed body shop. Under repair the car. Overcharge the insurance company.

I admit I was surprised to find a business that did not accept cc. The shop was recommended by a trusted mechanic who has serviced the car for years.

Unusual but it does happen.

I own 2 collision shops and we take all credit card and checks, and we will be putting in NFC. I believe my customers will not only like to use it, some may demand it! I've said here several times, but I'll say it again, why would any business limit how they take money to get paid!

Off topic, I'm happy to hear you were happy with the shops repairs. I'm just surprised this day & age they're not at the very least taking credit cards. To your other issue with over pay under repair, I'm not sure of your situation but good quality collision shops do not under repair! I can tell you one sad thing in the collision industry, is insurance companies not paying to repair cars properly! Unfortunately this is a whole other conversation I would love to have with the right people!!!!!
 
Sure, fee reduction is a major part of MCX's appeal (as is data retention).

However, I was talking about why they shut off NFC to kill Apple Pay, which is a totally different topic, since they haven't shut off regular credit cards.

Merchants depend a lot on being able to target ads and flyers to customers via their zip code, areacode, name, etc. That's why so many try to non-chalantly ask for such info.



Agreed.



Of course. Just some examples of why credit card companies are paying Apple to let them continue to get our purchase data:

MasterCard Is Selling Your Data - Wired

Mastercard: Real-Time Consumer Trend Data Is A Huge Growth Area For Us - Business Insider

Mastercard, AmEx Quietly Feed Data to Advertisers - AdAge

And this one, which points out just how much more CC companies know about what we REALLY buy, versus just location or search based info collectors like Google:

AmEx is the king of check ins — and it could own local recommedations - VentureBeat

My favorite part: using our CC history, apps could make even better restaurant recommendations, because the CC companies know for real what kind of money we usually spend on meals and where.

I just could imagine that one day this'll become a commmon blind date question: "Okay, Mr Big Shot, show me your restaurant recommendations!" Heh heh. Oops. Nailed.

--

What's also interesting, is that even if you are one of the few who exercise their privacy rights and tell their CC company not to share data, it does NOT affect sharing with their partners. For example, Visa is partners with Disney and Amazon. Thus they can all share our personal purchase habits with each other.

--

Perhaps in the future, some kind of proxy payment system akin to Google Wallet (maybe a paid service versus ad funded) might be the best bet for those who actually want more purchase privacy.

I spit on my screen when you suggested Google as a way to prevent data mining ;-), THAT is funny.

Apple pay can be used for debit purchases I suppose? If this is the case, then that is probably the better way to privacy. Banks have less tendency to sell your data... Because they're gouging you on service fees anyway and we expect privacy from them... They don't need to bleed you more :).
 
Cash is not king. Use your credit to your advantage and you not only protect your cash, you can get thousands a year in rewards. I've gotten so many free flights over the past decade.
Just bought a vehicle 2 weeks ago...got it for 30% cheaper than he wanted.... Cash...bought a new guitar a few months ago, price went from 2grand to 1500 in seconds, as soon as I said "how much is in cash"..
Like I said I know I'm in the minority but if you truly want to not be tracked and like to pay less, use cash for major purchases. My wife and daughters swipe for everything. Nothing wrong with it but I save thousands a year just using cash.
 
Seriously???? You drove to a CVS, pushed a cart all around the store, filling it with stuff, stood in line, waited for all those items to be scanned, then drove to Walgreens and bought the same items???

I don't believe you.

I did all that at a Walmart, but my blood sugar was low. I paid for the Orange juice I drank, and when it came up, I looked at the cart, and thought, "what the heck am i going to make with 10 bags of cereal, 3 hams, kielbasa, and frozen fried okra?

I have never been more grateful for a busy store that was huge enough to obscure me.
 
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Wow! CVS and Rite Aide couldnt pay for this kind of negative publicity if they tried. Their FB Pages are filled with complaints about them not supporting ApplePay.

I dont know how they can recover because their stores are not clean and they dont offer way better service or lower prices than Walgreens.
 
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I was skeptical, too. Until I saw some screenshots from the CurrentC app.

I says it may collect some info protected by HIPPA. It wasn't specific, and I suspect it might be data on certain things you buy with the app, like perhaps prescriptions?

I don't think my credit card receipts identify the specific medication. But, CurrentC might.

Exactly! Looks like I wasn't so over the top after all. I read those articles too. That's why I made the statement trading medical info for discounts.
 
Just bought a vehicle 2 weeks ago...got it for 30% cheaper than he wanted.... Cash...bought a new guitar a few months ago, price went from 2grand to 1500 in seconds, as soon as I said "how much is in cash"..
Like I said I know I'm in the minority but if you truly want to not be tracked and like to pay less, use cash for major purchases. My wife and daughters swipe for everything. Nothing wrong with it but I save thousands a year just using cash.

Yep! Dave Ramsey is right when he says that when people see cash, they know they can use it right away. Anything else takes time and risks, like your check will bounce.
 
Just bought a vehicle 2 weeks ago...got it for 30% cheaper than he wanted.... Cash...bought a new guitar a few months ago, price went from 2grand to 1500 in seconds, as soon as I said "how much is in cash"..
Like I said I know I'm in the minority but if you truly want to not be tracked and like to pay less, use cash for major purchases. My wife and daughters swipe for everything. Nothing wrong with it but I save thousands a year just using cash.

It depends. Cash is less secure and prone to theft by humans or human error in general. You have no recourse if you lose cash or it gets stolen.
 
Wow! CVS and Rite Aide couldnt pay for this kind of negative publicity if they tried. Their FB Pages are filled with complaints abou them not supporting ApplePay.

The people complaining should create their own posts. Posting those kind of complaints in a "Check out how Rite Aid helped makeover two breast cancer survivors on ABC's The View" is tacky.
 
I did all that at a Walmart, but my blood sugar was low. I paid for the Orange juice I drank, and when it came up, I looked at the cart, and thought, "what the heck am i going to make with 10 bags of cereal, 3 hams, kielbasa, and frozen fried okra?
Make 3 meals?
 
I hope you don't sell anything more than ice cream. $5 or so is usually the most cash I have easily accessible. You my business? Take my card. If you have something REALLY unique or insanely cheap, I might go find cash. But only enough for the purchase, so you can be sure that I won't have more on me for impulse buys.

Once most merchants take either contact or contactless chip cards, I'll probably demagnetise my credit cards so that they're immune to skimming. No chip card support at that point? No business from me, sorry my card doesn't work and I don't have cash.
I weekly from my customers collect thousands in cash and occasionally a check or two a month.. I work as a contractor in high end homes and even the wealthy love a cash discount. I've done large commercial jobs and collected envelopes of cash.. Cash is king and no amount of someone telling you that cc is better matters because when I walk in and tell you its 5000 for check or 4500 for cash almost every customer in the last 20 years picks the cash deal. And so would you.
 
So I went to CVS after I read this. I loaded up my shopping cart to the max from accessories from all around the store, then I went to check out with my iPhone using Apple Pay. They said they just turned off their NFC terminals and I wouldn't be able to pay.

So I said "Well, I only have my phone with me, I guess I will get all this stuff at Walgreens instead"...... So I just left and went to Walgreens.

I hope they think long and hard about the inconvenience this has caused when they are restocking all of their shelves with the items in my cart.

I don't know. I don't think that was a very responsible response. Sure, their management needs to know that there is a large market (of Apple users) that are not happy with their decision, but I bet your little statement didn't make it past the tellers.

And like others said, I doubt you went to Walgreens and bought a basket *full* of goods afterwards.
 
What I would like is a major credit card (MC/Visa/Amex) which can only be used with Apple Pay. e.g. something completely useless to anyone who steals the CC account number (or even the name, expiration date and CVC).
Such a card wouldn't be useful to you as a plastic card in your wallet. It wouldn't be useful anywhere that didn't take Apple Pay. So you would not carry the card at all. You also couldn't use it to order things online, except through apps that use Apple Pay. Basically, once you entered the card into Apple Pay, you'd lock it up in a safe place and never get it out again.

But you can do that with any card, so there's no need for a special one. Just get a new card with a new number, enter it into Apple Pay, and then lock the card in a safe. No one but you and the bank would have the number.

I suppose for extra measure you could ask the bank to consider any use of the account number to be fraudulent, and to only approve charges that come through tokenized. So maybe that's what you're asking for.
 
I weekly from my customers collect thousands in cash and occasionally a check or two a month.. I work as a contractor in high end homes and even the wealthy love a cash discount. I've done large commercial jobs and collected envelopes of cash.. Cash is king and no amount of someone telling you that cc is better matters because when I walk in and tell you its 5000 for check or 4500 for cash almost every customer in the last 20 years picks the cash deal. And so would you.

People are picking the discount. You discount something $500 it would be silly for them not to take the discount. Where is the discount with relation to this story? Oh right there isnt one. There is no incentive for cvs and rite aid to charge less than has already been charged. One off transactions are a bad comparisson and people forget the lesson of history as it relates to cash and why debit/credit cards came in to be.
 
So either you inherited an insanely large amount of money that you store under your bed (earning no interest) and bought your house and vehicle in cash, or going to work involves riding your skateboard down your parents driveway to your lemonade stand.. ?

We're trying to come up with silly comments, right?
I am a contractor that works in the greater New York area in mostly expensive home and chooses to make cash deals to help my customers pay less. Never said I didn't have a bank account. Just said I deal mostly in cash, roughly 90 to 95%.. People never complain about it. My wife and kids used debit and credit cards, I don't.

----------

People are picking the discount. You discount something $500 it would be silly for them not to take the discount. Where is the discount with relation to this story?
I just made a statement that I don't use anything but cash and some people found it hard to believe, I was clarifying what I said. It sucks that CVS and rite aid are being ridiculous, I agree, but for a guy like me it doesn't matter much.
 
I don't know why every retailer doesn't start their own payment method. Sounds brilliant! Or just start their own bank and demand their customers keep all their money there.

Or better yet, as is traditional in the US, each location have their own currency, and if someone attempts to travel from one town to the next, keep a huge book with exchange rates in it and make them convert their purchase prices themselves.

Aweosome!

LOL. Love it. Thanks.
 
The people complaining should create their own posts. Posting those kind of complaints in a "Check out how Rite Aid helped makeover two breast cancer survivors on ABC's The View" is tacky.

Rite Aid did this to themselves. The customers complain where they can. Its tacky to let this issue completely overshadow the work theyve done with BC victims. They shouldve known better. They couldve waited a few days to drop the hammer if BC victims were that important to them past the Rite Aid photo op marketing opportunity.
 
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