Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
It's pretty amazing in just two days, mobile payments are in the forefront of news. Things are gonna change big time across the world. Pretty exciting time.
 
You know what? That's okay. I am perfectly fine with this.

I am more afraid of having to carry my wallet of cards around a mall than I am Walmart. When you're going in to try clothes, look at books, sit down and eat, and whatnot, there are more chances for you to accidentally leave your wallet somewhere. That is not much of a problem in a place like Walmart or Best Buy.

Keeping your credit cards in your glove compartment for when you can't use ApplePay isn't going to be the end of the world.
 
As an admitted Apple Brand Whore, I am happy about this. I know Android has had NFC for awhile now, but I don't think I have ever seen anyone use their phone for checkout.

I do 99% of my shopping at Costco, Trader Joe's, and Amazon (maybe that is why I never saw any Android phones being used to pay). But I do hope these 3 adopt Pay.

I wonder if the NFC terminals Apple require merchants to have, will also work with Android or other NFC devices? If so, I think in 1-2 years, it will be commonplace, and will replace the outdated and less secure American swipey credit cards.
 
Apparently, MCX uses an app called CurrentC across a bunch of retailers. The app isn't out yet. Wouldn't it be comical if Apple refused to approve the app because it "appears confusingly similar to an existing Apple product, interface, or advertising theme "

more info:
http://www.mcx.com

I wonder if this works like the Wendy's fast food App? I see Wendy's is listed as a member of this group. You swipe on your phone and a temporary 6 digit number comes up that the clerk then types into the terminal. The 6 digit number is only live for 5 minutes. I use this because I've been able to get Wendy's gift cards at a discount and I loaded them into the App.

Wendy's promotes the App in signs all over the store. When I tried to use it the first time more than a month after they rolled it out, the whole store staff gathered around the register to watch me pay since I was the first person to use it. In a different store, the clerk asked me for my phone so she could read it easier while she typed it in. I didn't have a problem giving her my phone but her boss came over and started yelling at her saying to never touch a customer's phone!! The manager said "What would have happened if you dropped his phone and broke it??"

So yea, if that's how it works and how often it will be used, then I expect these retailers to be on ApplePay soon!

EDIT....found this about the Wendy's App

http://www.mobiquityinc.com/wendys-mobile-app-novel-solution-drive-thru
 
You would think BestBuy would upgrade considering they are a store that prides themselves on having the best technology in its showrooms. I don't shop at BestBuy much anyways...I won't boycott them, but it is very stupid that they won't update their stores to accept new technologies when the core of their business is technology.
 
Yeah we really want to trust a payment service created by the same people responsible for the largest breach of customer credit card data in history.

Not 100% true. It is really the technology (magnetic stripe), not the retailer. The ram scraper used to obtain the credit cards worked in the millisecond that the credit card data was unencrypted, so that the transaction could be processed. With tokenization, including Apple Pay, there is no credit card number, its only a one time use token. So even if someone could read or decrypt the token, it would be useless.

The fault is not the retailers, its the antiquated credit card system.
 
Here's my .02:

MCX, their partners, and other "industry insiders" are predicting a fail for :apple: pay because 1) new equipment and 2) lack of "rewards or incentives" for using the service on the part of the customer.

Apparently, their studies have shown that people are more likely to use a mobile payment system if the customer receives some sort of points or rewards from the merchant.

I don't care. Seriously. I don't care about loyalty points or rewards for things that I'm already going to buy anyway. I care about convenience. And MCX and their currentC app are NOT convenient.

Get out phone, unlock phone, go to app, select whatever needs selecting, generate qr code, use pin to authenticate, scan code (maybe more than once, because we all know how well that can work) pay. Done.

With :apple: Pay, I' just pull out my phone, tap, and use touchID to verify. done. No opening the app or unlocking the phone... it's much more simple. There's no app to update and manage and find. It just works automatically. I don't have to worry about looking at points balances and reward incentives...

I can't speak for everyone about rewards and loyalty and points, but for me, I'd be a more loyal customer the faster and easier I can get in, get what I need, and get out.
 
Accepting :apple:Pay doesn't preclude them from accepting Google Wallet or other NFC payments.

I should edit my comment to make it more clear that I'm not under such impression.

My point was rather, why push another standard to adopt on merchants that only works for one ecosystem - a big one, mind you - and has no compatibility with others, despite operating with the same technology. When PayPass and PayWave came along in Australia all POS with NFC instantly supported both, despite VISA and MasterCard being bitter rivals.

Google and Apple could push ePOS NFC payments to the next level if they could work together on helping vendors and merchants support these systems together.

It's like HTML5, (former) WebKit, and Job price fixing. When they work together they can produce something quite spectacular and in some cases, even for us. Also, when they work against one another (Hellllooo iPhone 6+)
 
So two stores I absolutely can not stand, doesn't affect me any.
I seriously can't stand Walmart and try to avoid them like the plague. I can get 99% of everything else I need at another store and I will gladly pay a bit more to actually get help. When I quit seeing managers standing up front laughing and talking while there are only two lines open for service with them both having 10+ people in them then I'll consider walking about in that store. I know where I work if managers were spotted just standing around not helping customers or not helping out up front then they wouldn't be a manager there for very long at all.

Then don't get me started on Best Buy. The only time I ever go in there is if I want to take a quick look at something before I actually buy it. Plus I've been behind the scenes of Best Buy and how they train people. I almost got hired their one time a while back. Once I saw how they trained people and what they wanted me to do I told them flat out that I couldn't work there. To be told to literally try and sell the customer crap is not how I wanted to spend my days at work.
 
Not too much of a loss. It's cost prohibitive for Walmart to overhaul everything due to one option, but i think it will get NFC some day, who knows when since they arn't exactly the leaders in technology. Best Buy, i doubt, has the cash to overhaul their POS as well. But these two are marginal. Are they big and important, yes. But if you think about it, the number of interactions is rather limited. Think about it, how often do you go to Walmart to purchase goods? Even if someone frequents it, it's probably 3 times a week avg.

IMO, bigger impact is in the hospitality industry. While you get smaller transactions by buying your coffee, getting gas, or getting food, you do it more often. That creates a habit far quicker than using it once a week. If we get in the habit of using it, everyone will follow suit.
 
Their loss.

I hope you mean Apple by this, because Walmart certainly won't lose anything. On the other hand, Apple not getting a contract win with the largest company in the world in terms of revenue is certainly a loss for Apple.
 
The CurrentC app that Best Buy, Walmart, and others are placing their bets on is a non-starter. It won't work with regular credit cards. You can link it to a checking account, a gift card, or certain retail credit cards. People are just not interested in that. They want to use their existing credit cards so they can either go deeper into debt or work the system and get cash back or points. Credit cards still offer much better, and legally mandated, fraud protection and dispute resolution.

I don't know if Apple Pay itself will actually catch on, but it's one of the few payment systems structured in a way that could catch on. But we'll still need plastic cards for quite a while. There are a lot of people who don't have smart phones. I, for example, never carry one even though I'm an iOS developer, so Apple Pay is useless to me. But mostly it's old people who will still need the cards. And don't underestimate how many there are.

HA. So very true.... I have to attempt to get people to sign up for red cards at target, they aren't going to go for it... no miles, no points, no cash back. All of which is apparently better than Target paying a good chunk of your sales tax.

I can see why retail locations would want this to work - "Sign up for our card and shop with ease". Lower overhead on the fee side, they keep more of the pie than the standard card issuers.
 
You would think BestBuy would upgrade considering they are a store that prides themselves on having the best technology in its showrooms. I don't shop at BestBuy much anyways...I won't boycott them, but it is very stupid that they won't update their stores to accept new technologies when the core of their business is technology.

But doesn't BestBuy now have in store Samsung Stores (as well as Apple Stores)? I suppose Samsung doesn't want Best Buy taking payments with their rival's technology.
 
If Walmart, Best Buy, and the rest of these clowns have not reversed course by the next big product launch, Apple should simply allocate no stock for them and say, "When you have implemented :apple:Pay, we'll stock your warehouses/stores." That conversation would be over fairly quickly.

Yeah I'm sure Walmart really needs that $2 they get on each iPhone.
 
I might have missed something with respect to Apple Pay. If somebody has their AmEx linked to iTunes and uses Apple Pay charging their AmEx card, do they not get AmEx points? I can't imagine that to be the case as Americans won't be willing to give up their rewards simply to use their phones. Some of the other comments made me question this.
 
If the store doesn't actually get my name when I use Apple Pay, then this may be the sticking point for these retailers. They probably want to track my purchase, cross reference that to find my address, send me ads, and sell my demographic information to others so they can sell me ads. Apple really pisses companies off by not sharing our personal information as much as they could.

If Apple Pay is as secure and private as it seems it might be, then I will be using it in lots of places I currently do not use a credit card. If there are a lot of folks like me, then the credit card companies are going to do very nicely on this. And so will my local government as Mom&Pop stores will now have to record the income from the sales in a way they didn't when I paid them cash.
 
Is ApplePay different from accepting NFC payments? That is if a retailer is equipped and accepting NFC Payments, either from GoogleWallet or from an NFC enabled credit card, can they opt out of ApplePay only? I thought Apple said the payments would be accepted anywhere that has the hand with card waving above the reader symbol.

No, it is not. To the merchant, it's just another credit card transaction. Apple sends a different account number and security code, but that's being mapped to your account back at the bank.

The key is whether the retailer supports NFC at their point-of-sale terminals. WalMart and Best Buy are saying they won't, but they are offering a lame excuses, claiming that something completely different is "better".
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.