Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
MCX Says Merchants Doing What's Best for Customers, Being Attacked for 'Challenging the Status Quo'
- Thread starter MacRumors
- Start date
- Sort by reaction score
I wasn't meaning to call you out. Was just saying that even the government (who has SSN, etc) doesn't ask for or get that stuff. So, I wouldn't give it to a group of people who thus far, haven't shown they could be trusted with even my spam e-mail address.Even when at a retail store, I give them fake zip codes and phone numbers when they ask at check out.
Hi,
I read it just as you intended. No worries. I do the fake phone number and zip too. Most cashiers don't mind. They must input something and move on.
Thanks for your post!
The person who said merchants pay less was just as wrong as you saying they pay more. They pay the same for the same type of transaction. Card present at merchant terminals and card not present through a merchant app over the internet.
I didn't see anything about SSN on that page. Just login and 4 digit password. Went over it twice, but just didn't see it. There were a few cases of asking for account and routing numbers though.
Again, you are ignorant of the facts. Go read some more -- people on this board have given you plenty of suggestions for good reading. If you don't want to educate yourself about the facts, that's certainly your choice.
IF you had a bank account which sends emails/sms/whatever if certain treshold are met, or certain transactions occurs, you'd know exactly how much you spend. You could also have a bank app linked to touch ID on your phone just to get those messages, they could show up in your notifications.
BTW, if you can ask for cashback everywhere, you lose the cash limits sales effect because you don't get to see your account balance. That's how I take my money out and believe me, it goes as fast that way as with a credit card or direct debit. It is knowing your balance that truly limits your spending.
Under step 5
"Enter your personal information Note: Drivers license number and social security number are used to confirm your identity. This information is not stored in your phone."
"Reminder: In order to delete your Checking Account from CurrentC, you must contact Customer Care at 1-855-772-8773."
I wonder how many layers, levels and secret tunnels you'll have to navigate by phone to actually make this happen. The more I read about this (from their own site, mind you), the worse it gets.
Even someone blind would probably have found it, so I'm guessing deliberately obtuse...
Yes they are completely different technology.
However just like your car, when you want power windows you also get power door locks. It is cheaper for the auto industry to give you both. And to go one step further, it is cheaper for the auto industry not to offer roll up windows at all.
The companies making chip readers are including NFC readers because it is cheaper to make one model than to make three different models.
The merchants configure what they want by software.
Under step 5:
Enter your personal information Note: Drivers license number and social security number are used to confirm your identity. This information is not stored in your phone.
Thanks for the article. It makes more sense now why banks would back Apple. But I still have a suspicion that their speculation that Apple pay rates could be less than "card present" rates is false. They mentioned people moving from cash and checks to Apple pay as an incentive. That's ridiculous because these people are already using credit cards. No reason whatsover to give them better rates. Looks likes merchants are no better off or worst with Apple pay.
Got it. Thanks.
Interesting, there is no mention of entering DL#, or SSN, just that they don't store it on the phone.
Gee, thanks guys - storing in the cloud is much better than my phone.
if you walk into a chase bank in the u.s and want to open a checking account, you should bring the following items:
• money
• photo i.d. (driver's license/passport/miliatry i.d)
• social security card (which they make a copy of)
• recent utility bill with printed name&address or other documentation verifying current address
• thumb print
• credit check
• signature
• variety of security questions answers generally of private nature
Pay vs CurrentC is all a moot point until
VISA alone lists more than 440 banks and credit unions which support ApplePay right now.
http://usa.visa.com/clients-partner...on/apple-pay/financial-institutions/index.jsp
Look, ApplePay is big. I know it is because there was never a single local news story on NFC contactless payment, or any other electronic wallet system - until now.
Once things start showing up on local news, it's a big deal.
99% of the population doesn't geek out on technology blogs like us...
It took Apple to bring this into the mainstream.
That's the point. Apple pay is a supplement to the existing system. It's not a replacement for the existing system.
Got it. Thanks.
Interesting, there is no mention of entering DL#, or SSN, just that they don't store it on the phone.
Gee, thanks guys - storing in the cloud is much better than my phone.
No problem, I had to ask too. It's just kid of skims though that part top.
I'm not sure which payment system is the best or most privacy impinging, but I think it ought to be my choice which I want to use. CVS won't be getting any of my prescriptions or toiletry purchases in the near future and I won't shop at MCX retailers until they lift their monopoly mobile payment fence. Not a big hardship really if you look at the list of members.
The largest corporations on earth playing little games with each other to see who can extract the most juice from the proles is now called "challenging the status quo." Ok. Lol.
---------------
look who's backing it.. of course it's big
funny too @ everybody whining of giving personal info.. go to the chase site:
https://www.chase.com
..and try to click on a link.. you're required to enter your zip code prior to simply looking at the website
Finally you're starting to understand. Right now they aren't better or worse off. I really think there's a chance that if the in app payment by ApplePay thing works out well that maybe banks could offer internet merchants card present rates or maybe some intermediate tier. Can you imagine what would happen if the card companies told Amazon they could get card present rates if their customers shopped through the Amazon app and used TouchID to authorize purchases.....Amazon and every Internet company would be all over this!!!! I actually think the in app ApplePay could become more revolutionary than in store uses. But I want both to work out!
Unless you are here illegally then you go to BofA with nothing and they give you a bank account and a home mortgage. Lol. It's hilarious because it's true!!! They're proud of it!