Google Wallet was around since 2011ish though and never really took off. They also thought that chip and signature was never going to happen in the US so the decision probably made a little bit of sense at the time--if CurrentC took off they would have had valuable customer data to mine and reduced their card fees. Of course, MCX managed the project totally badly; their plan would have had a chance only if nothing easier took off before its release.
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MCX Member Best Buy Begins Accepting Apple Pay in App, In-Store Support Coming
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Google Wallet was around since 2011ish though and never really took off. They also thought that chip and signature was never going to happen in the US so the decision probably made a little bit of sense at the time--if CurrentC took off they would have had valuable customer data to mine and reduced their card fees. Of course, MCX managed the project totally badly; their plan would have had a chance only if nothing easier took off before its release.
Thats what I've heard too, summer 2015 not fall 2015. Tthey will be getting an entire new pos system and brand new terminals with NFC.
Best Buy (prior to my reading this article) said in 2 weeks - 1 month they are getting new payment terminals!
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Now for Kroger / Target / Dicks then I'm set.
Best Buy is in the process of re-doing all their payment terminals and launching a new POS system for employees. The rollout started in January and the last stores to get it will be launching the new system on July 2nd so expect Apple Pay to launch soon after that.
Obviously I can't go into great detail about the rollout calendar, but my store is getting the new systems in 2 weeks. (Many stores including almost all the NYC stores already launched the new system)
Would you be able to tell us at all about the chip/EMV side of the rollout? I'm guessing that that'll happen about the same time as Apple Pay, correct?
Depends on the store. I was in the Bay Area and almost all the stores already have it. Give me a store name/number and I can see what I can tell you.
Best Buy Roseville: Store 129
for my CA address
Best Buy - Charlotte-North Lake: Store 1155
for my NC address
That should happen around the same time as Apple Pay. That will once again probably happen after all stores are using New POS in July. So sometime between July and October.
Store 129 - 5/12/2015
Store 1155 - 5/20/2015
Nice! I am looking forward to it! Also, is the marina store: 1061 already updated? Thanks again!
Cool! I will be down there this weekend o try it out! Are they the Ingenico 480's with the external contactless module on top or the built in ones on the bottom left of the terminal? You have been an amazing help by the way!
That's fine. Still super excited to try it out! Thanks so much! Is NFC enabled yet at the Marina store? Or is it not working anywhere yet?
Apple Pay/NFC is still disabled until all the stores will be using the new POS. So expect it to launch after July.
Cool, thanks! I wonder why they didn't bother getting their Hypercom terminals EMV approved, they use the same ones in Canada with EMV and NFC enabled.
BBY in the US and BBY in Canada are almost entirely different companies. They use different systems and have not unified that much.
That makes sense, but it still seams strange they decided not to get the Hypercom terminals approved or at least stick with Equinox for the upgrade. Either way, I do like the Ingenico 480's, so it will be cool to see. Thanks for all of your help.
And the first domino falls...
Anybody else here less surprised now that the only place to buy a new MacBook 12' is BestBuy?
It's the exclusivity that will kill MCX. If they only played nice with the other providers (Apple Pay), they might have had a chance for a piece of the payment processing pie, but to say that it's me or the highway is just stupid.
I just started using Apple Pay, and aside from the touch ID not working well with my OtterBox, the service itself is easy, quick, and gives me a record of the transactions. What more could someone ask for. Apple Pay almost seems too easy...
I just started using Apple Pay, and aside from the touch ID not working well with my OtterBox, the service itself is easy, quick, and gives me a record of the transactions. What more could someone ask for. Apple Pay almost seems too easy...
Or, the Citi Corporate Cards... It'd be nice to have that in my passbook, and when I'm on business travel, just pull out the phone to pay for stuff...
Will kill? MCX was DOA. It wasn't just the exclusivity, it was just the cumbersome nature of the whole thing. Nowhere near as slick or easy to use as Apple Pay. I absolutely love that Best Buy will be accepting Apple Pay soon. Always thought it odd that they didn't.
I wonder if there are any other MCX exclusivity agreements expiring this summer? I hope these merchants realize now that they threw a bunch of money down the drain in the hopes of increasing profit margins. Best Buy signed an exclusivity agreement that will likely expire before the consortium will have a working payment solution up and running in their stores.
Your last point is exactly the reason that the signature-capture capable terminals are becoming the standard at US-based retailers (at least ones of a large enough size)... as long as the standard in the US is chip-and-signature the extra cost of the more complex devices is more than made up for by the savings of not having to store/track/manage the signed receipts. Especially for any retailer that has a large enough average transaction dollar value, it is practically a no-brainer when it comes to evaluating the return on investment of the extra cost of the signature capture capable terminal.
I am not sure the MCX was going to survive on it's own anyway. I for one wouldn't give Walmart/cvs/etc all my banking information in order to get a few coupons and discounts that I can get anyway with some smart shopping.
imho.
imho.
If the merchants have any kind of retribution clause in the contract if MCX fails to deliver a working solution by x date, that will be the final nail in the coffin for MCX, I think. I'm sure these merchants would love to be able to get some of their money back from what appears to be a failed investment.