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MCX Says Merchants Doing What's Best for Customers, Being Attacked for 'Challenging the Status Quo'
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Because not everyone has joined the Tin Foil Hat club as of yet. You can't survive without giving away some information and no-one can buy a house or a car without forking over some information. Thats just the way it is.
Actually, I believe CurrentC was announced in September 2014. MCX may have come into being in August 2012, but CurrentC only became official a few weeks before ApplePay did.
I can only guess that MCX spent the intervening 2 years drumming up a participating merchant list and developing a system modeled after the Starbucks app...
And because if you have a good product you don't have to behave like a spoiled child refusing to share your toys. The technology will speak for itself.
"...But pressed as to why some retailers such as CVS and Rite Aid have shut down NFC entirely rather than allow unofficial Apple Pay payments in their stores, Davidson argued that merchants know their customers best and are making the choices they believe are right for their customers. He said the merchants believe customers want more than just mobile payments, and CurrentC's integration of payments with loyalty cards and coupons will in his opinion prove to be the best solution..."
so CVS/Rite Aid made the decision for their consumers? that consumers are making a bad choice by using Apple Pay?
and they think their customers can't wait to use coupons? coupon is the best weapon they have?
so CVS/Rite Aid made the decision for their consumers? that consumers are making a bad choice by using Apple Pay?
and they think their customers can't wait to use coupons? coupon is the best weapon they have?
I stopped by a CVS while out with a coworker (downtown L.A.) and the NFC was turned off, but when I tried ApplePay I got the "different payment method required" message.
I keep seeing this same thing pop up and then people feel sorry for the mega companies like they are really missing the 2% they have priced that into the cost of goods for decades this is not some new magic fee
I honestly wonder just how stupid some of these PR people must be. I mean this is their JOB right? To ensure the most positive public relations as they can for their employers? Who in their right mind would think these statements were good things to make? Doing what's best for customers? Do they think people actually believe this crap!?
I don't WANT advertisements, of any form, ever, unless I specifically choose to get them (like signing up for a rewards program). I don't need or want to see them on websites, airplane seats, magazines, mail, phone calls, etc etc. They are annoyances to me in almost every form, and they don't make me want to buy products. In other words, if you give me, the customer, the choice, what do you think I believe will be best for ME? Using a more convoluted payment system that puts more of my data at risk, allows you to track my purchases and target me with advertisements that I don't want? Or use a much simpler payment system without the tracking?
Tough decision. I hope the internet *****storm hits these idiots hard.
I don't WANT advertisements, of any form, ever, unless I specifically choose to get them (like signing up for a rewards program). I don't need or want to see them on websites, airplane seats, magazines, mail, phone calls, etc etc. They are annoyances to me in almost every form, and they don't make me want to buy products. In other words, if you give me, the customer, the choice, what do you think I believe will be best for ME? Using a more convoluted payment system that puts more of my data at risk, allows you to track my purchases and target me with advertisements that I don't want? Or use a much simpler payment system without the tracking?
Tough decision. I hope the internet *****storm hits these idiots hard.
Anyone remeber CueCat? A USB barcode scanner where the companies expected you to take magazines and newspapers to your computer, so you can scan them and receive even more ads, as these were printed in ads.
Same level of stupidity, but now with your bank account at stake.
Lol
Same level of stupidity, but now with your bank account at stake.
Lol
Seems like a pretty poor reason to use this third party considering that both CVS and Rite Aid can already track the spending habits of any of their customers who have their loyalty cards.
I suspect that the CurrentC system was primarily sold to these merchants as a way to increase profits by cutting out credit card transaction fees. The merchants were probably also told that customers would want to use the new system because it's safer than using a traditional credit/debit card (not true) and easier to use for the customer because all they have to do is pull out their phone to pay (I seriously doubt the folks who were trying to sell CurrentC went into the specifics of how QR codes actually work).
Today, we found out from the execs of MCX/CurrentC that actually, one of their goals is to ink deals with all the credit card companies. This clearly negates what has been, up to now, one of the biggest reasons (if not the biggest) for why merchants joined the MCX consortium -- to reduce the credit card transaction fees merchants are paying.
Merchants obviously want to keep more money in their pockets. Nothing wrong with wanting that; but it seems that the execs running the show at MCX/CurrentC are now at odds with what was one of the biggest selling points of their system for merchants who joined their consortium.
One thing's for sure...we need to get the popcorn out because this is just round one and things are about to get really interesting.
I think if "the status quo" had a human name, it would be something like Dekkers Davidson. Seriously, I think I need to put on a tie just to say it out loud...Dekkers Davidson.
Also, Dekkers...consumers don't love loyalty cards. Retailers do. Consumers think they're a giant pain in the *ss and wish they didn't have to jump through hoops to get the best price.
Also, Dekkers...consumers don't love loyalty cards. Retailers do. Consumers think they're a giant pain in the *ss and wish they didn't have to jump through hoops to get the best price.
Haha, yeah. I remember having one. It was shaped like a cat even. Never used it though since it never took off, for obvious reasons.
Advertisements are hard to avoid unless you're willing to pay (extra) for everything.
For example, do you contribute to this forum, or do you use it for free in return for seeing ads?
So if these aren't clues for the merchant to get the hell out of dodge of CurrentC I don't know what a clue is!!
And why be so secretive on the merchant participants..huh??!! WHY??!!
I have provided that info to the IRS only. No way to some weird outfit headed up by Walmart!
