Apple should offer the POS hardware. Further they should acquire a merchant service company and form a partner company to capture the margin on the CC fees and service the POS systems.
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Many Retailers Hesitant About Offering Support for Apple Pay
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The timing is right.
The timing is right.
"As of October 2015, merchants that do not offer support for EMV credit cards (cards that contain integrated circuits to prevent fraud) will assume responsibility for any fraudulent transactions that take place."
The timing is right.
"As of October 2015, merchants that do not offer support for EMV credit cards (cards that contain integrated circuits to prevent fraud) will assume responsibility for any fraudulent transactions that take place."
your point is right, but incorrectly worded. NFC is a generic piece of technology for communication. you can support NFC technology and not have it be related to "payments".
Won't work.
Apple Pay is set up to be like the physical card is there. It is supposed to show up on your AmEx statement as a regular swiped purchase. For this reason, the merchant will have to accept AmEx. And this is why we'll be able to load up more than one card to our Passbook wallets.
Oh you know they are likely working on that too.
It will still require some form of merchant account as Apple pay is just transmitting the card token info.
It would be really nice to get some clarity on this. it's the kind of detail that can make or break ApplePay IMO.
Only the issuing bank need worry about this. To the merchant and their processor, the token looks like any other card. No upgrade needed.
This is no longer true. McDonald's no longer owns any part of Chipotle and they have no involvement.
Sheesh - haven't even read all the posts, but the title of this article irked me to no end. It should read, "Many Retailers Hesitant About Offering Support For NFC Payments"
Pay is simply an implementation of NFC contactless payment. By far the best one, but still adhering to the open technical standard of NFC.The upside is, if the term
Pay becomes synonymous with NFC payments, it could become the defacto term for it, like Google and Web search. No, I mean an existing payment standard instead of inventing a new one. Although, Visa and Mastercard went along with it ...
You mean you won't shop at places that don't accept NFC payments as all will work. Not just Apple Pay.
Checks are the least secure way of paying.
Samsung has NOTHING to do with Best Buy not accepting NFC. They are going with a different standard. Plus, all of Samsung and other Android phones for that matter already can make NFC payments with Google Wallet.
No, the terminals do not have to be replaced. Apple Pay uses standard NFC. However, the payment processor needs to implement "tokenization".
I wonder if the existing payment e-wallets from the Canadian banks implement tokenization or if more work will be required to support Apple Pay.
Here's more details about the tokenzation services:
http://newsroom.mastercard.com/2014...-service-mdes-making-digital-payments-happen/
http://usa.visa.com/clients-partners/technology-and-innovation/visa-token-service/index.jsp
I know that several banks in Canada are looking at Apple Pay, so its probably coming, but who knows how long before all the technical issues are worked out.
Speculation: DNA ID will replace SSN within 10 years. Everyone will have a Public Key type code somehow created from their DNA sequence. Unable to be stolen or hijacked. Easily confirmed with a simple test.
NO UPDATES OR CHANGES NEEDED FOR STANDARD NFC POS SYSTEMS TO ACCEPT
PAY!!!!!IF YOUR CARD ISSUER SUPPORTS
PAY THEN ANYWHERE IN THE WORLD THAT ACCEPTS NFC PAYMENTS AT A POS TERMINAL ACCEPTS YOUR CARD WHEN YOU USE PAY. PERIOD.
This is exactly it!
It's not that they don't want to, it's that is costs money, time and training.
Not to mention bookkeeping adoption.
Many businesses are still struggling to stay profitable and some need to answer costs to shareholder's. It's just gonna take time.
I've also noticed that while it seems a handful of major stores are going to support NFC and Apple Pay soon, no major sit-down restaurants are on that list.
None at all.
So those people here in the forums who will only patronize businesses that accept Apple Pay must not plan on going out to eat with their friends or family anytime soon.
When the waiter brings a check, they certainly don't bring an NFC pad for you to tap your phone on to pay for your meal.
None at all.
So those people here in the forums who will only patronize businesses that accept Apple Pay must not plan on going out to eat with their friends or family anytime soon.
When the waiter brings a check, they certainly don't bring an NFC pad for you to tap your phone on to pay for your meal.
Speaking of Kmart and Sears not wanting to adopt apple pay/NFC payments, which would be a MUCH more secure way of handling payments...
http://www.cnbc.com/id/102078876
"Sears' Kmart stores were hit with a data breach that compromised some shoppers' credit card information, the company said Friday."
http://www.cnbc.com/id/102078876
"Sears' Kmart stores were hit with a data breach that compromised some shoppers' credit card information, the company said Friday."
Apple Pay is not standard Paywave or Paypass ... it requires tokenization. Unless the local payment network has that implemented, how will it work internationally?
Also, what's with the silly apple icons in your post.