When did the consumer get "shafted" - if fraud cost less than conversion that HELPED the consumer. After all, either way the banks - not the consumers directly - were paying. If fraud was costing less than conversion, the banks were saving money and passing that along to us in the form of better rewards offers.
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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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When did the consumer get "shafted" - if fraud cost less than conversion that HELPED the consumer. After all, either way the banks - not the consumers directly - were paying. If fraud was costing less than conversion, the banks were saving money and passing that along to us in the form of better rewards offers.
Cause the bad guys got personal info on consumers. Whatever was in track one and track two data. Privacy was compromised due to short sighted credit card issuers and brands. And the merchants got hit with fines from the card brands. And then class action lawsuits. Costs all eventually passed onto the consumer. Yes the card brands made out like bandits. The merchants got screwed. And then the consumer. The card brands covered the immediate fraud loss on any cards but that wasn't the end of the story. All the bs fines they issue for lack of pci compliance, etc. via onerous contract clauses with payment processors. The game is rigged for visa and MasterCard. The lack of EMV in the us till 2015 for real is a crock of crap laid by VISA MasterCard and Amex. Greed greed greed. I know exactly how much merchants pay in legal fees, pr and compliance with state breach notification laws not to mention regulatory investigations. When the gov should be investigating visa and MasterCard for dragging their feet on EMV implementation. But of course they bought off congress with lobbyists too. the issue with the target breach was why are we using 1960s magnetic stripe technology still? That wasn't targets fault. That was visa and MasterCard and their consortiums.
So in the end visa and MasterCard looked like good guys because a consumer didn't get hit with having to pay a fraudulent $50 charge. But over time, consumers and merchants were worse off and the card brands knew it.
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Some cards will be Chip & PIN rather than Chip & Sig in the US. Don't forget that Australia went through the same conversion we did in the US, and they were Chip & Sig first, and then went full on Chip & PIN.
Also, with stores having to buy Chip & PIN terminals anyway, they are going to have NFC usually....unless you're stupid Best Buy and turn it off.
Walmart, the one near me ACTUALLY HAS IT ON, just look for the four green circles on the card terminal, which means PayPass is enabled. Tap your phone to that, you're good to go. (tested with a PayPass Card, as I don't have an NFC phone until the 19th)
Also, with stores having to buy Chip & PIN terminals anyway, they are going to have NFC usually....unless you're stupid Best Buy and turn it off.
Walmart, the one near me ACTUALLY HAS IT ON, just look for the four green circles on the card terminal, which means PayPass is enabled. Tap your phone to that, you're good to go. (tested with a PayPass Card, as I don't have an NFC phone until the 19th)
I have seen more knowledgable employees at Walmart than I have at Best Buy, what does that say about that stupid store, known as Best Suck? Worst Buy?
For reals. I'm recalling hoping Target supports it with its credit cards. I know Target is rolling out new hardware soon in response to the data breach. I can't imagine the company would totally pass on this in favor of something that, LET ME SAY THIS PLAINLY, WILL NOT CATCH ON NO MATTER HOW HARD MERCHANTS TRY.
Customers are going to demand easy, secure payments. With Samsung sporting a fingerprint scanner and Apple about to flow about 50 million iPhones with them in the next three months, that's a huge tsunami of momentum for this. I really hope the Android users have something comparable with fingerprint security because that would double the pressure on everybody major accepting this stuff.
So you don't actually understand what got breached yet you blame the credit card companies for personal data lost?
The only personal data in the track data is your name. All other personal data Target lost came from their own databases and had nothing to do with the card companies.
This one is all on Target for failing to secure their systems.
Assuming Google is doing something like their patent application (http://www.google.com/patents/US20130297504) no it's not the same as Apple pay (I analyze apple's own issued patent on tokenization for authentication at the webpage referenced in my sig). Apple's system is based on the premise that even apple has no idea what accounts are in the "wallet" (only the user and the credit card issuers know) whereas google appears to be the wallet provider in their system.
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Target has said they will support Apple Pay (http://www.abullseyeview.com/2014/09/mobile-shopping-made-easier-with-apple-pay-and-target-app/). You seem to be assuming retailers can only support one but not both. This is not true.
wait, you have actually found employees at Walmart? last time i did in-store pickup and tried to buy something in the electronics dept, there was no one to be found. i gave up after 30 mins
then when i was in Yuma, AZ for a business trip. i could find plenty of Walmart employees...none of which spoke any english. my sunglasses broke and i was trying to find the dept with sunglasses. i eventually had to go to customer service where i was told, in severely broken english in a thick spanish accent, where to find the dept with sunglasses
i only go to Walmart to buy the following: sterilite/rubbermaid containers, generic OTC medication b/c it's so cheap
IBM? Is that you?
Hmmmm I seem to remember hearing this story before as if it was deja vu
Didn't IBM say at one time in the past that they couldn't see why anyone would want a personal computer in their home? Or something to that effect?
They were the big dogs on the block back then too just like Walmart is today both with no vision and you can't have a future without vision...
Hmmmm I seem to remember hearing this story before as if it was deja vu
Didn't IBM say at one time in the past that they couldn't see why anyone would want a personal computer in their home? Or something to that effect?
They were the big dogs on the block back then too just like Walmart is today both with no vision and you can't have a future without vision...
I agree that "either/or" is nonsense - and would be illegal - but Target has NOT said they will support Apple Pay in store. Given they have the hardware for it, and like others (Best Buy, Barnes and Noble, Lowes, Old Navy, etc) have chosen to disable the NFC function, I in fact doubt they will support Apple Pay in store.
Staples is the exception to that, of course. They made a decision to keep contactless disabled, which they appear to be changing course on. Last time (a few weeks ago) I was in Staples, it was still disabled though...
Also, remember 7-Eleven decided VERY recently to disable their contactless readers. I highly doubt they'd turn them back on for Apple - https://gigaom.com/2014/03/18/a-dus...ments-pitting-isis-against-best-buy-7-eleven/
My guess is once they see how successfulPay is elsewhere they will reverse this decision. I know if I only had my iPhone on me and needed to stop to get some toilet paper, pens, and carrots I would go to Target because they accept
I'm more likely to have just my wallet rather than just my phone on me. After all, the battery in my credit card never runs out.
Apple Pay is just another way to pay, so I don't see it'll ever really take off in a big way, plus it's useless online where annual spending is increasing year on year.
My card has had contractless payment for a few years. Used it once.
And this is exactly what Tim Cook was talking about when he said other systems try to make systems that work to their own advantage rather than concentrating on the customer experience.
It is also why the credit card companies and banks are ready to play ball with Apple, because they are keeping them at the center of the the transaction, not trying to hijack the process.
The other big reason of course is the full hardware and software control and ownership, something Google and Android cannot offer.
You know, you can pay with actual cash as well.
That said, MCE sounds like Gobots/Zune/HD DVD to me.
That said, MCE sounds like Gobots/Zune/HD DVD to me.
MCX (not MCE) is a joke that will erase the consumer protections available with traditional banking products, and that is not worth saving the retailers a couple percent (which may or may not be passed onto you, either through MCX discounts or very slightly lower prices if MCX gets popular).
He meant merchant. The way
Pay works is that a fake number is deliberately sent via tokenization to NFC terminal which verifies it w/ Visa/Amex/MC and gets accepted. Terminal is happy=sale. Considering that Cook said that no one would be able to track the sale besides you+bank/CC, I don't believe BB has a way of tracking via Pay----------
Pay promises to preserve rewards, but I'll be interested to see how this works with Starbucks, etc.He meant merchant. The way
Then there is a serious compatibility issue and Apple is disobeying the EMV spec. There NEEDS to be a de-tokenisation process available for mass transit and similar applications (to track tap-in/tap-out from the same phone and across days/weeks/months for fare capping and travelcards). De-tokenisation is specified by EMVco so if Apple follows the spec then it IS possible to track. If Apple doesn't follow the spec, the product is rubbish.
Did Tim mention in the Keynote that
Must accept tokenization, which is part of NFC standard, but is a newer part so many NFC POS terminals don't have it yet.
I think it is quite ridiculous for some folks on this thread saying they won't shop at these stores anymore because they don't have apple pay. What did you do before apple pay? Y'all don't even have an iphone 6 yet, you may not even like it.
I think walmart is just waiting to see how well it does first.
Besides food shopping who goes shopping in a physically store these days anyway? Back in July I went clothes shopping in an actual store for the first time in 2 years.
I think walmart is just waiting to see how well it does first.
Besides food shopping who goes shopping in a physically store these days anyway? Back in July I went clothes shopping in an actual store for the first time in 2 years.
I'm glad apple released apple pay as it will help push NFC payments forward but I'm surprised how far behind the us is quite an eye opener. Chip and pin in UK is the standard and takes seconds. Hell I just brought my coffee and ham tostie and the lady at Costa even asked me if she could just use the contactless function. I personnaly don't want my Cc details anywhere but in my wallet that way I have full control and not trusting data elsewhere not matter how secure they reckon it is.
uuh not sure if this was posted already but somebody maybe should call those uninformed management teams and tell them there already is a solution for older phones on the market. OTI has a dongle for older models.
It is agnostic and even works with android....just plug it in.
http://www.otiglobal.com/our-products/oti-wave/
It is agnostic and even works with android....just plug it in.
http://www.otiglobal.com/our-products/oti-wave/
Basically. And each of those five thousand people have carts filled to the top. Once I went in and they had no hand basket and were out of three items in a row and had two lanes open. Screw it!
Lol yeah I shop at Wal-Mart for groceries and the waiting on line is the worst part of the whole thing.