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Within five years you will be able to use a wearable to buy a loaf of bread just about anywhere, for about $20. For the loaf.

Ugh no kidding. :(
 

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The more proprietary this is, the less universal it will become. My hope is it will work with any terminal that can take NFC enabled cards and that is also compatible with Android phones, etc.

If Apple wants to enhance the functionality by integrating store loyalty cards, etc. on a retailer by retailer basis, I'm fine with that, but I hope basic payment functionality is widely available at any store that has an NFC enabled card reader.

It will. NFC is standard. Everyone with a NFC phone will be able to use the same service.
 
This comment gives me the impression that you're missing the point. The convenience of using this watch will save you time in the long-run as you're doing your daily activities. You're not only investing in the watch but you're also investing in your time, so to speak.

the convenience is gone once the cashier asks for your ID to verify...lol.
 
I don't understand Apple's mobile payments service. Perhaps someone can explain it to me. I thought they signed on with the major credit card companies, so wouldn't you just use your iPhone in place of your credit card? What's the purpose of signing on these stores?

How do you use your iPhone if the stores don't have the tech to work with it.
 
Its gonna be two or more years before any of this is in use outside North America isn't it? On the bright side, that means I can put off buying an iWatch till at least the second version! :)
 
the convenience is gone once the cashier asks for your ID to verify...lol.

What does that even mean? Your identification will be verified implicitly during the payment process, and if a cashier does that, then they're probably not understanding the process correctly.
 
So if you are linking your major credit card wouldn't they be providing shops etc with equipment? What is the point if partnering with the individual retailers?

Dunno much about the payments industry, but would it make sense that one could choose to pay with Walgreens with stored Visa info or pay directly with iTunes instead?
 
How do you use your iPhone if the stores don't have the tech to work with it.

How do you use your credit card if the store credit card reader dies? It'll go back to the traditional way: CASH.

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What does that even mean? Your identification will be verified implicitly during the payment process, and if a cashier does that, then they're probably not understanding the process correctly.

There're many stupid clerks out there. I was asked for my ID many times when I used my debit card...yes...the one I have to enter a PIN.
 
That's funny, I find Walgreens and CVS to have a **** ton more than gum...

True, but I'd want to wave my hand a **** load of times to use that technology, and gum seems to be the most common product used, especially if you have friends.
 
Its gonna be two or more years before any of this is in use outside North America isn't it? On the bright side, that means I can put off buying an iWatch till at least the second version! :)

AX, Visa, Master, Discovery are all over the globe...Once it's rolling out, it takes just a few months.
 
What does that even mean? Your identification will be verified implicitly during the payment process, and if a cashier does that, then they're probably not understanding the process correctly.

If you buy certain over the counter meds, such as cold medicine with pseudo, you have to show an ID.
 
Already making payments with Google wallet at my local CVS, Rite Aid, Wegman's, etc. Apple late to the party again :apple:
 
How do you use your credit card if the store credit card reader dies? It'll go back to the traditional way: CASH.

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There're many stupid clerks out there. I was asked for my ID many times when I used my debit card...yes...the one I have to enter a PIN.

This is a smartwatch, not a debit card. I assume the cashiers will probably be trained differently and accordingly to transact with a device that communicates wirelessly rather than the card and swipe method. Using the excuse of "many stupid clerks" out there is just demeaning and generalized. And if they do ask you for your ID many times, so what? It happens.
 
This is going to be a huge letdown if it's some proprietary technology other than NFC that each individual retailer has to sign some deal for. I'm still waiting for passbook to do anything useful after two years.
 
Already making payments with Google wallet at my local CVS, Rite Aid, Wegman's, etc. Apple late to the party again :apple:

Wow...good for you using Google wallet in a few stores out of 100 millions stores...Apple is never too late. They just enter the market when it's mature, not like Google and others....one example: Google Glass-good device + wrong time = DOA. Samsung Gear- first on market + half bake = sh.t sale.
 
Wow...good for you using Google wallet in a few stores out of 100 millions stores...Apple is never too late. They just enter the market when it's mature, not like Google and others....one example: Google Glass...good device + wrong time = DOA

Exactly.
 
This is a smartwatch, not a debit card. I assume the cashiers will probably be trained differently and accordingly to transact with a device that communicates wirelessly rather than the card and swipe method. Using the excuse of "many stupid clerks" out there is just demeaning and generalized. And if they do ask you for your ID many times, so what? It happens.

Good luck using it in Walmart...
 
This comment gives me the impression that you're missing the point. The convenience of using this watch will save you time in the long-run as you're doing your daily activities. You're not only investing in the watch but you're also investing in your time, so to speak.

It won't save me time if a little old grandmother is in front of me paying by check. It will only be convienant when EVERYONE has this tech, which may take 3-5 years.
 
It won't save me time if a little old grandmother is in front of me paying by check. It will only be convienant when EVERYONE has this tech, which may take 3-5 years.

Your problem sounds personal and pretty much has nothing to do with the maturity of new technology introduced into the market and the "little old grandmother". It's convenient, by the way.
 
Good luck using it in Walmart...

Actually Walmart is the first place that required me to insert my new chip enabled card in the reader. I had swiped it and it somehow knew it was a new chip card and required me to use it.

So my local Walmart already has new terminals and I wouldn't be surprised if they are also NFC compatible.
 
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