We had these kind of problems in Europe when Chip cards were introduced 20 or so years ago. Once the customers get used to them they are actually quicker than swipe cards. This is all moot though as I'm pretty sure the US will mostly bypass them and move onto various forms of NFC payment. It will be much like cell phones where the US was way behind in the early days of adoption but soon raced ahead once caught up.
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MCX Postpones Rollout of Apple Pay Rival 'CurrentC'
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We had these kind of problems in Europe when Chip cards were introduced 20 or so years ago. Once the customers get used to them they are actually quicker than swipe cards. This is all moot though as I'm pretty sure the US will mostly bypass them and move onto various forms of NFC payment. It will be much like cell phones where the US was way behind in the early days of adoption but soon raced ahead once caught up.
That's just silly. Chip cards are demonstrably MUCH slower than swipe, and that's without adding a PIN. With a PIN, I would say it's on the order of 10-20x slower. I have used chip & PIN throughout Europe and seen it attempted at Target in the US, with disastrous results (in terms of wasted time). Here's the difference between Europe and USA: Europe is still a quaint little place that operates at a pace and volume an order of magnitude slower than the US. Chip and PIN is fine at a local pub in England, a quaint restaurant in old town Prague, or a drugstore in Paris. It doesn't, however, work at a US megastore like Target, which does in one hour the volume of transactions that any of those places do in a week. Chip & PIN just doesn't scale to US consumerism. At least not without a lot of pain. Europeans tolerate chip & PIN because they plan to sit and sip wine and chat for 2 hours at the restaurant after dinner - while in America, the Cheesecake Factory wants to process you and get you out the door FAST to make more revenue off that table. Same with retail store purchases. More speed = more revenue. We buy stuff as fast as they can sell it.
How so? They both use the same NFC protocol.
I've been to places where the chip is almost as fast as swiping. For example, Walgreens. Most others are slower right now because they rushed the software implementation.
Not sure what seamless means in this context, and I didn't say the charge didn't go through quickly. Same as when swiping, which is the point. The advantage of NFC transactions isn't really convincing when the process is pretty much the same whether you tap or swipe. Some merchants will not require signatures for small purchases (usually under $20), swipe or tap, but that is probably bank policy, not theirs. I see the banks as being the main source of the nonsense, at least in the U.S., where chip and PIN is being rolled out with agonizing slowness.
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Well I don't know about any of this. I was traveling in Scandinavia and the UK last year and was impressed by the wireless card readers the waitstaff bring to the table to read your chip card. The embarrassing part for this tourist was when I had to sign a scrap of paper because my lame American chip card doesn't have a PIN.
I doubt Apple's growth plans for ApplePay are so aggressive as to include putting it on an insecure high volume platform over which Apple has zero control or influence.
You can still do that at Walmart with its whatever it will look like solution, right?
Would someone please introduce a unified multi-platform standard for mobile payment and call it a day?
Apple Pay, Samsung Pay, Android Pay, Walmart Pay, CurrentC, PayPal, mPayment (Facebook)...
So far Samsung Pay's system seems to be best, you can use it on most terminals without any changes.
But hey, why do I even care, it's not like I could use any of those conveniently here in third-world country called Germany.
Apple Pay, Samsung Pay, Android Pay, Walmart Pay, CurrentC, PayPal, mPayment (Facebook)...
So far Samsung Pay's system seems to be best, you can use it on most terminals without any changes.
But hey, why do I even care, it's not like I could use any of those conveniently here in third-world country called Germany.
Can't tell if sarcasm or not... all the big supermarkets like Tesco, Sainsburys, Morrisons and Asda (which by the way is owned by Wallmart) have used chip&pin for best part of a decade and are even rolling out NFC (inc apple pay) in many stores also.
Corrected translation: We're going out of business and are holding onto the hope that Google or FaceBook will buy us out. Cha-ching!$!
Cash will never die.
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Postpone means you can spread the write off across several quarters to ease the profit / loss reports.
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If all else fails, sell the patents.
I hold up my Watch at McDonalds for a quick break, and every time the cashier is like "whoa." It's freaking seamless. I just look for the "rotated wifi symbol" takes like 5 seconds. The main difference with BS attempts are the companies, I bet, never even gave the Apple version a try. Hold up your phone with an App for a QR code? then have them scan a newer QR code? WTF?
It just amazes me how companies "resist", for whatever motive or reason, to come up with their own thing, but get to an attempt that is so far below or behind the competition that they try to pawn it off in the end, like it's just as good, how ####ing embarrassing! Seriously, "try to fight the power" -Flavor Flav
Laters...
It just amazes me how companies "resist", for whatever motive or reason, to come up with their own thing, but get to an attempt that is so far below or behind the competition that they try to pawn it off in the end, like it's just as good, how ####ing embarrassing! Seriously, "try to fight the power" -Flavor Flav
Laters...
You just wonder how many stupid people are out there. CurrentC just died and Walmert still think it can pull it off for a system that you can only use at Walmart. Deaf, blind and dumb.
I have been using Applepay for the past week since we finaly got it here in Canada and I have to say it works like a charm and is quick and easy. why any company would think that scanning QR codes after unlocking your phone and opening an app would be more convenient, may be back in 2008 it may have worked out but would still have been replaced quickly with NFC technology.
It takes 20 some major retailers 4+ years to create a payment system, and still not have it available?
I wouldn't call that 'current' anything.
I wouldn't call that 'current' anything.
Their app has over 20 million downloads, Walmart Pay is just 5 months old and shows promise, and their rollout to nearly 600 additional stores is what killed CurrentC. They'd be crazy not to try.
In February, my sister bought a new car and put the whole 21k$ on her AMEX via ApplePay (she paid AMEX off the next day from car loan and earned 41k Skymiles too); she did have to sign the POS receipt.
My mom is 83 yo. Still very sharp. Pays almost everything using AMEX (MC as a fallback) via ApplePay on her Apple Watch. It sure has reduced the burden of her handling cards, receipts and statements; she's totally paperless.
Of her favorite shops, Kroger and Costco are still ApplePay holdouts, so she has to swipe and dip there yet. She is shopping much more at Meijer's because they take ApplePay both in store and at the gas pump.
Last week she she lost her Amex card at (tech laggard) Kroger. What was cool is that after we reported the card as lost, AMEX did the usual of cancelling it and sending a replacement. Before the card arrived by ups and she had a chance to activate it, she received an email (IIRC from Apple) saying that they had worked with Amex to update and replace the old card info with the new so that there would be no interruption of use while she waited for her physical card to arrive. (I still needed about 30 minutes on line to change all her bill to Amex autopay arrangements once the new card arrived - an ApplePay solution here would be of great customer benefit.)
[doublepost=1463479070][/doublepost]Since Walmart pay seems to be similar to CurrentC pay, I wonder if Walmart essentially got their MCX consortium partners to pay for the development of the system, then copied and rebranded it.
(Could also be that consortium members were entitled to put their own label on top of the CurrentC system; I've never heard this though.)
Isn't there a big incentive in the U.S. for the retailers to come up with their own payment apps as the fees they have to pay Visa and MasterCard are considerably higher then in the European Union.
That is what I think was the flaw here. Any consortium is going to struggle because of the varied agendas by the members. That is what doomed this from the start. That is why it took them so long to get to this point.... started in 2012? In technology, that is an eternity. I feel bad for the developers and others involved with the technology of this because they had to be very frustrated with the role they were in. Consortiums rarely work because the member organizations essentially get what they can and then bolt because they never completely agree on what to do, and are often competitors.