Pretty sure people never used QR codes anyway, well at least I've never used one.
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MCX Says Merchants Doing What's Best for Customers, Being Attacked for 'Challenging the Status Quo'
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Pretty sure people never used QR codes anyway, well at least I've never used one.
Already throwing member companies under a bus. Infighting is always a full proof strategy to get a standard off the ground.
Apple and Google should really just end this all now and remove their app from the App Store and Google Play. Can't use CurrentC without a smart phone. Not going to get any penetration without being in the App Store or Google Play. CurrentC would be DOA.
Would love to see a MCX press conference with the PR person looking sick as that Toshiba gal when Warner pulled their support for HD-DVD at CES 2008. Thought she was going to vomit on stage.
Why in 2014 is anyone still using cash??! I haven't used anything but plastic for years and fortunately in the UK we've had chip and pin and NFC for small payments for years now and we've much more secure and safe.
I'll take my free 90 day warranty, my payment protection and my credit card cash back benefits over carrying wads of cash around which I can lose and/or be mugged for and takes ages for paying with thanks very much - I roll my eyes when I see people paying for anything with actual cash these days. You must be one of them!
trust the Credit Card companies to do more for you in the event of a hacking.
Whose going to give you back your money if you have s problem with CurrentC. Not the banks as they are not backing it and not the credit Card companies as they have been cut out. You're on your own!
Whose going to give you back your money if you have s problem with CurrentC. Not the banks as they are not backing it and not the credit Card companies as they have been cut out. You're on your own!
CurrentC has published text that specifically states that retailer partners have to exclusively sign on to CurrentC for mobile payments (what's the definition of that, anyway? A credit card is pretty mobile last time I checked.)
Now they are saying that it's NOT exclusive, and retailers like CVS can offer both CurrentC and NFC/Apple Pay/Google Wallet.
Which is it, MCX? You are scrambling and contradicting yourselves. Desperation is in the air.
Now they are saying that it's NOT exclusive, and retailers like CVS can offer both CurrentC and NFC/Apple Pay/Google Wallet.
Which is it, MCX? You are scrambling and contradicting yourselves. Desperation is in the air.
File an FTC complaint
The US Federal Trade Commission published this a couple of years ago.
http://www.ftc.gov/sites/default/fi...l-competition-fora/1210payment_systems_US.pdf
Read item #27 carefully:
27. Joint ventures that are collaborations between competitors may warrant antitrust scrutiny. The Antitrust Guidelines for Collaborations Among Competitors issued by the U.S. antitrust agencies in April 2000 describe the principles for evaluating agreements among competitors and the analytical framework for doing so. Two broad categories of anticompetitive harm theories are (1) exclusion and (2) overly inclusive joint venture. For exclusion, harm may arise if a joint venture denies some key element to rival systems and thereby reduces competition. Whether this is a viable theory would depend on factors such as the freedom that the joint ventures members have to participate in multiple mobile payment systems (multi-home), the extent to which the members, individually or collectively, have market power with respect to the denied element, and the availability of adequate substitutes for that element. For the overly inclusive joint venture theory, harm may arise if a joint ventures membership is so expansive, or its rules sufficiently restrictive, as to prevent the emergence or viability of a rival mobile payment system that might otherwise threaten the joint ventures market power. Factors relevant to this analysis include the joint ventures exclusivity, membership scope, whether current members would help form competing systems but for the overly inclusive nature of the joint venture, and if so, the impact of such participation on the timeliness, likelihood, and sufficiency of such entry.
The actions by Rite-aid and CVS, as MCX members, are in clear violation of this paragraph. You can file a complaint here:
https://www.ftccomplaintassistant.gov/
Click on "Mobile Devices or Telephones", then "Mobile Devices or Services", and then choose: "I have an issue with a mobile payment."
The US Federal Trade Commission published this a couple of years ago.
http://www.ftc.gov/sites/default/fi...l-competition-fora/1210payment_systems_US.pdf
Read item #27 carefully:
27. Joint ventures that are collaborations between competitors may warrant antitrust scrutiny. The Antitrust Guidelines for Collaborations Among Competitors issued by the U.S. antitrust agencies in April 2000 describe the principles for evaluating agreements among competitors and the analytical framework for doing so. Two broad categories of anticompetitive harm theories are (1) exclusion and (2) overly inclusive joint venture. For exclusion, harm may arise if a joint venture denies some key element to rival systems and thereby reduces competition. Whether this is a viable theory would depend on factors such as the freedom that the joint ventures members have to participate in multiple mobile payment systems (multi-home), the extent to which the members, individually or collectively, have market power with respect to the denied element, and the availability of adequate substitutes for that element. For the overly inclusive joint venture theory, harm may arise if a joint ventures membership is so expansive, or its rules sufficiently restrictive, as to prevent the emergence or viability of a rival mobile payment system that might otherwise threaten the joint ventures market power. Factors relevant to this analysis include the joint ventures exclusivity, membership scope, whether current members would help form competing systems but for the overly inclusive nature of the joint venture, and if so, the impact of such participation on the timeliness, likelihood, and sufficiency of such entry.
The actions by Rite-aid and CVS, as MCX members, are in clear violation of this paragraph. You can file a complaint here:
https://www.ftccomplaintassistant.gov/
Click on "Mobile Devices or Telephones", then "Mobile Devices or Services", and then choose: "I have an issue with a mobile payment."
People who don't like CurrentC are just bigots that discriminate against evil and bad service. I like the idea of having a QR code branded into my right hand and my forehead. You take your money everywhere. NO leaving your money at home.
Yes, it puts your bank account at risk, but think of the children of the Russian hackers. Every time you use Apple Pay, the child of a Russian hacker starves, because he can't get your money.
Yes, it puts your bank account at risk, but think of the children of the Russian hackers. Every time you use Apple Pay, the child of a Russian hacker starves, because he can't get your money.
Very intriguing that two credit card companies are on board with them? That's half of the major four.
I'm posting this while standing in line at Walgreens where I am about to pay with ApplePay. MCX NOPE.
It's insane to me that CurrentC is even a "thing," when retailers could be doing MUCH better just supporting things like Passbook passes with QR codes/barcodes for customer loyalty programs and tracking of purchases for marketing purposes.
I personally think it would be great to have loyalty pass Passbook cards for retailers I want to share information with, for special offers, etc., and another set of passbook cards for credit cards using Apple Pay. That sounds slick. CurrentC is anything but slick.
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The problem is that it's Discover and Diner's Club International.
I personally think it would be great to have loyalty pass Passbook cards for retailers I want to share information with, for special offers, etc., and another set of passbook cards for credit cards using Apple Pay. That sounds slick. CurrentC is anything but slick.
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The problem is that it's Discover and Diner's Club International.
I think I'll go to Walmart, fill up a few baskets with numerous expensive items...and then leave it at the check-out because they won't accept Apple Pay.
I know you think it's cool and all to do that, but all that will do is delay the lines and piss off the other customers behind you - giving iphone users a bad rep.
Nice try trying to deflect the blame onto the merchants when your own exclusivity agreement says otherwise.
It's insane to me that CurrentC is even a "thing," when retailers could be doing MUCH better just supporting things like Passbook passes with QR codes/barcodes for customer loyalty programs and tracking of purchases for marketing purposes.
I personally think it would be great to have loyalty pass Passbook cards for retailers I want to share information with, for special offers, etc., and another set of passbook cards for credit cards using Apple Pay. That sounds slick. CurrentC is anything but slick.
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The problem is that it's Discover and Diner's Club International.
Hey-- I love me some 5% cash back on my Discover It
I wouldn't mind pissing off walmart customers, but I choose to never step foot in any of the Walton Filth Palaces.
Yeah I know Walmart is behind MCX, but they don't even have the NFC terminals yet (at least none that I'm aware of). So they can't take Apple Pay anyway. Complain away, it just won't do much yet.
The most value would be to keep the pressure up on RiteAid and CVS. They do have NFC that did work with Apple Pay, and chose to turn it off. Make sure they have heard from you, nicely, that you disapprove and will shop elsewhere. They do keep track of this stuff, so numbers matter. If thousands of people complain online but only 20 write CVS, they care a lot less than if they get thousands of complaints.
Best thing that would happen is one or both turning NFC back on to prove that customer pressure worked. This will help others jump ship faster.
Ha ha, they were hacked before they got out of beta testing!
I can't help but wonder who or what organization was behind the hacking. Is it a lone wolf h4XX0r or is this corporate warfare on a grand scale? Don't mean to break out the aloominium hat but the hacking sure was convenient for both Apple and Google.
Doesn't matter so much anyways - get the hacking done before wide adoption so we can weed out the insecure services.
I can't help but wonder who or what organization was behind the hacking. Is it a lone wolf h4XX0r or is this corporate warfare on a grand scale? Don't mean to break out the aloominium hat but the hacking sure was convenient for both Apple and Google.
Doesn't matter so much anyways - get the hacking done before wide adoption so we can weed out the insecure services.
As I put in the other story, other than:
Name
SSN
Driver's License Number
Address
Bank Account number
What else would hackers want?
I also put that in other MR stories, but not as itemized lists. It's a horrible thing that they're hacked, but a risk/consequence that I'm not willing to take.
Risk: Low, but realized
Consequence: My back account has the possibility of being cleaned out.
Name
SSN
Driver's License Number
Address
Bank Account number
What else would hackers want?
I also put that in other MR stories, but not as itemized lists. It's a horrible thing that they're hacked, but a risk/consequence that I'm not willing to take.
Risk: Low, but realized
Consequence: My back account has the possibility of being cleaned out.
The question is not is Apple Pay better for customers than CurrentC (which has already been hacked before being implemented), the question is - Why would you use CurrentC? Who in their right mind would use it?
I'd like to add, I was an Android user and switched to iPhone just to use Apple Pay... so even I recognize the value of Apple Pay.
I'd like to add, I was an Android user and switched to iPhone just to use Apple Pay... so even I recognize the value of Apple Pay.