If you've been following along, I was responding to a post that was responding to my post saying that I was required to use the EMV reader at WalMart. First place I've been required to do so.
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Walmart and Best Buy Opt Out of 'Apple Pay' as Apple Leverages Required Point-of-Sale Upgrades
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If you've been following along, I was responding to a post that was responding to my post saying that I was required to use the EMV reader at WalMart. First place I've been required to do so.
Correct you are. The headline should read they are not accepting NFC payments.
Only years of hardcore marketing research???
iOS devices in general are used to spend a lot more money on apps and online purchases, both in total and per transaction than any other mobile OS or mobile device. It is not a stretch to assume that this is also true for this demographic in physical location situations as well.
There are many, many marketing reports, research studies, and analyst notes that show these statistics, so while your broke single mother with 10 kids and less dollars in her bank account almost certainly exists, that person is an outlier in terms of the "average" iOS user.
That's not fantasy, that is statistics...
Lighten up Francis, I was just injecting a little humor!
Bryan
Humor at the expense of the less fortunate is less than funny, IMHO.
The two stores I shop the most.
I guess I need to find retailers who will be using Apple pay...
Or you could just...pay with cash or a card like you've been doing? Apple Pay is cool and all but if I have a favorite store that doesn't support it, I'm not gonna just randomly stop shopping there lol
I gave you a +1 on all these posts, because you are the only one that seems to get it. The technology standard being used is NFC - this is the same standard in the entire world.
Pay is only different in the way it implements the tokenisation of the validation and approval stage of the process - on the back end. From the Merchant's NFC PoS point of view (front end) there is no difference between GoogleWallet and Pay.From your credit card's POV, no change either, you continue to earn your rewards and points and FF miles as normal with your credit card companies. Just won't be able to flash around that black AmEx anymore so no one will know what a baller you are
Just to keep you in the loop.... they match every reputable online price these days. People on this board buy everything MSRP anyway at the Apple stores.
And I'm willing to bet that Best Buy is gonna change their tune, soon enough. Bank on it. Walmart? Who the hell knows. I personally hate going to Wally World. Between some the employees (not all but some) and the weird ass customers? Ugh..
Is PCI compliance expensive compared to merchant credit card fees though? I know they already pay the merchant fees for credit transactions (I don't know the typical percentage of transactions that are credit though), so it would be interesting to see if they are weighing the cost savings of getting rid of PCI compliance versus the additional credit merchant fees.
That's what gets me with working at best buy. If you ignore the customer and let them do their own thing, then the customer is like "curse you all for not helping me!" but if you walk up to them and talk to them and try and help them then the customer is like "curse you all for bothering me" Lol you can't win #
If one POS accepts Google Wallet it'll accept Apple Pay. Same as if one POS accepts Apple Pay it'll accept Google Wallet. Period.
I gave you a +1 on all these posts, because you are the only one that seems to get it. The technology standard being used is NFC - this is the same standard in the entire world.
From your credit card's POV, no change either, you continue to earn your rewards and points and FF miles as normal with your credit card companies. Just won't be able to flash around that black AmEx anymore so no one will know what a baller you are
This is only true if the alias or token that the
Pay uses works with existing protocols. Is it certain that Google Wallet uses tokenization? It states in the integration that the sensitive information is encrypted, that would mean your information is passed through the transaction. That would also mean they use separate protocols. In my honest opinion, I had thought it is a software update at best for most major retailers, and then a hardware change for smaller merchants. But I think people are flipping a lid b/c we certainly don't have enough information about this yet.
Also, Apple was able to file for a patent for this in January, whereas Google Wallet has been out since 2011. It would be shocking to me that banks, issuers and merchants would back Apple but not Google.
Wrong. Not from the PoS system view. All you need is a an NFC capable terminal and you are good to go.
The systems do differ in how they handle tokenisation, and other details on the back end and from the user experience side of things, but they look exactly the same to a PayPass terminal...
Everyone should read this if they haven't already.....best explanation so far.
http://www.macworld.com/article/260...mobile-payment-system-youll-actually-use.html
http://www.macworld.com/article/260...mobile-payment-system-youll-actually-use.html
But all you posted was fantasy!Only years of hardcore marketing research???
iOS devices in general are used to spend a lot more money on apps and online purchases, both in total and per transaction than any other mobile OS or mobile device. It is not a stretch to assume that this is also true for this demographic in physical location situations as well.
There are many, many marketing reports, research studies, and analyst notes that show these statistics, so while your broke single mother with 10 kids and less dollars in her bank account almost certainly exists, that person is an outlier in terms of the "average" iOS user.
That's not fantasy, that is statistics...
This is only true if the alias or token that the
In my honest opinion, I had thought it is a software update at best for most major retailers, and then a hardware change for smaller merchants. But I think people are flipping a lid b/c we certainly don't have enough information about this yet.
Also, Apple was able to file for a patent for this in January, whereas Google Wallet has been out since 2011. It would be shocking to me that banks, issuers and merchants would back Apple but not Google.
Google doesn't make hardware and software, they don't control the whole device. That's the main reason the credit cards would decide to play ball with Apple.
For the rest, I respectfully think you are confusing what is actually happening here. Tokenisation does not mean different formats of information are trying to be passed to the NFC reader. It means that a different set of data is substituted for the sensitive information, but delivered in the same format as the NFC reader expects it. This token is decoded by the credit card companies back to your card number and approved.
So it doesn't matter how tokenisation is implemented, if at all, by different implementations, ie Softcard, GoogleWallet, or
Pay. They all have to use the same format that the NFC PayPass PoS terminal expects in order to work.It would be EXCEEDINGLY stupid for Apple to try to implement their own standard for this communication other than NFC and try to push this proprietary standard on retailers, requiring them to have a separate PoS just for
Pay. It would be an instant and comical DoA proposition then.Apple is patenting the unique way in which it handles the tokenisation and handling of the security on the back end, they are nit trying to patent the actual NFC information transfer process.
By the way, there's a new front page story on ApplePay with it's own thread going. Some more good info in the story.
https://forums.macrumors.com/threads/1777264/
https://forums.macrumors.com/threads/1777264/
See, I used Google Wallet only a few times, and that was a while ago. Their strategy has changed significantly, so instead of spouting out false information, I am going to drop that.
With
Pay, would the payment processor not have to use Apple APIs to accept their token and transmit to the bank for authorization? This was my point, that I can't just take my iPhone 6 to Walgreens next Friday and just start paying unless their system takes on at least a software update.----------
Google doesn't make hardware and software, they don't control the whole device. That's the main reason the credit cards would decide to play ball with Apple.
For the rest, I respectfully think you are confusing what is actually happening here. Tokenisation does not mean that that different formats of information are trying to be passed to the NFC reader. It means that a different set of data is substituted for the sensitive information, but delivered in the dame format as the NFC reader expects it. This token is decoded by the credit card companies back to your card number and approved.
So it doesn't matter how tokenisation is implemented, if at all, by different implementations, ie Softcard, GoogleWallet, or
It would be EXCEEDINGLY stupid for Apple to try to implement their own standard for this communication other than NFC and try to push this proprietary standard on retailers, requiring them to have a separate PoS just for
Gotcha, gotcha.
??? How so? Do you need me to go and baby feed you links to these documents? Or are you big enough to do a web search all by yourself?
Edit: Ok fine, here is a super recent one: http://blog.idealo.co.uk/ios-vs-android-which-users-spend-more-3556.html
And another from April of this year: http://www.businessinsider.com/android-is-for-poor-people-maps-2014-4
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Well then I think you need to take Business 101 because you're getting personal and not speaking from a business standpoint.
I don't think there will be any increase to the merchant's fees on top of what they pay now. Apple very well understand that will be a no go. Apple would have signed a contract with the payment processors to get a cut from them directly. To their advantage I predict that the plastics are history and all the banks will do when you open a credit is to issue a security token to store in the iphone. This will result in huge savings for the banks and also they can sleep well that they have sort of outsourced the security to a reliable partner in the name of Apple. You can keep this as my prediction