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Walmart and Best Buy Opt Out of 'Apple Pay' as Apple Leverages Required Point-of-Sale Upgrades

MauriceMoss said:
There is current legislation that requires merchants to upgrade equipment to either Chip and Pin or NFC this coming year. So they're going to have to get one or the other anyway. Right?
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It isn't legislation. It's an "incentive" by VISA, Mastercard, etc.

After 10/2015, a merchant can still accept magstripe cards. But, they assume liability for any fraud. It's called "liability shift".

There are later dates for ATMs and unattended gas pumps. But, liability shifts for everything by 10/2017.

EMV card readers are required. But, a merchant can also include NFC support. However, NFC support is optional.
 
gnasher729 said:
Oh my god... It was in one of the many hundreds of posts about Apple Pay...
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ohio.emt said:
The Apple Pay website says to look for the NFC payment logo. It's listed under what stores accept Apple Pay.
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Thanks :D - I've been using NFC payments for years now thanks to my physical cards having chips built-in, it's just that the event video was a little hard to follow on this side of the world - I hear, on yours too! - so a few details were missed; the headline is also a little too biased.
 
Was it Tim that said during the keynote, (or did I hear it somewhere else) that NFC has not taken off in the past because of Merchants' self interest and NOT the customers'?
 
tigres said:
I have yet to see a chip and pin CC.
Do you have one by chance? who offers them currently in the US.
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This is what I have. Great Card....no foreign transaction fees, $440 bonus equivalent for signing up, and 2.2% cash back equivalent on everything you buy.

http://www.barclaycardarrival.com/arrival-plus/default-promo/?campaignId=1983&cellNumber=1

It's actually $400 bonus and 2%, but when you redeem points you get 10% bonus points. Also the full value is only when redeemed for travel expenses....but we all eventually have travel expenses, so don't redeem them for anything else.
 
tigres said:
I have yet to see a chip and pin CC.
Do you have one by chance? who offers them currently in the US.
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Do a search on the 'Net. There are a handful of small banks or credit unions that offer a chip and PIN (first priority).

Wells Fargo puts a PIN on their credit cards, but it is "second priority" That means it will ask for a signature first, and ask for a PIN only if it is an unattended terminal.
 
richman555 said:
NFC enabled bar tabs for the win! :cool:
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No... portable NFC enabled pay terminals for restaurants FTW. Those little leatherette folding pamphlet things could have a LiPoly battery, an NFC reader, a small LCD display and a WiFi radio in them instead of little flaps to tuck pieces of paper and a pen.
 
hardly go to either, but always prefer self check out....they could at least implement it in those limited areas, doubt it would be a huge infrastructure move for that.
 
Its simple, they are looking at cost "woah, that much to support Pay over normal NFC, i don't care how secure it is, were going with normal NFC due to the cost" Once again, screwing over customer payment security to save some pennies. What would be neat is if they learned from their mistakes (i can see why target is adapting apple pay) and jumped on board to solve a problem. Now whats going to happen is normal NFC payments will somehow get hacked, because its going to be come a target for tech savvy thieves and Apple will get to say, "see, i told ya so"
 
What I wonder is how the transaction will show up on my credit card bill, for cash back category purposes? I've never used NFC before.

For example. My American Express card gives me 6% cash back at grocery stores. If I were to use my Amex Card via Apple Pay at a grocery store, will it show up as the grocery store on my bill so I get cash back? Or will it be a generic Apple Pay purchase that only gets the base 1% cash back.

It is possible Apple Pay will behave differently than other NFC systems, but likely not. So maybe someone here has experience with that?
 
SonicSoundVW said:
Its simple, they are looking at cost "woah, that much to support Pay over normal NFC, i don't care how secure it is, were going with normal NFC due to the cost" Once again, screwing over customer payment security to save some pennies. What would be neat is if they learned from their mistakes (i can see why target is adapting apple pay) and jumped on board to solve a problem. Now whats going to happen is normal NFC payments will somehow get hacked, because its going to be come a target for tech savvy thieves and Apple will get to say, "see, i told ya so"
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It costs nothing over normal NFC
 
I never shop at best buy, and I *might* go to Wal Mart once a year in another state.

The biggest one for me is Whole Foods. I really cannot wait for more of these to get implemented in the next year. It's perfect timing as some people have said. The magnetic stripe is archaic. I'm glad AT LEAST we will be using chip & pin next year.
 
Jsameds said:
Their loss.
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just wait - they will jump on. They'll resist for awhile but they'll eventually cave, especially if customers demand it.

Target is better than walmart anyway. At least in SC. Seems like walmart has gone to crap. But thats another thread for another time on another website :)
 
BruiserB said:
And I don't think the retailer's are giving Apple a "small cut". The retailer will pay MC, Amex, and Visa whatever they normally pay them. The credit card processing companies will then give Apple a cut of their cut. And they are getting something for it...they are getting the knowledge that it is a secure transaction that is less likely to be disputed as fraud.
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ptb42 said:
The merchants won't be paying Apple anything. Apple's "cut" is coming out of the bank's portion of the merchant fee.
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Thanks. Edited my post for clarification.
 
BruiserB said:
This is what I have. Great Card....no foreign transaction fees, $440 bonus equivalent for signing up, and 2.2% cash back equivalent on everything you buy.

http://www.barclaycardarrival.com/arrival-plus/default-promo/?campaignId=1983&cellNumber=1

It's actually $400 bonus and 2%, but when you redeem points you get 10% bonus points. Also the full value is only when redeemed for travel expenses....but we all eventually have travel expenses, so don't redeem them for anything else.
Click to expand...

The BarclayCard is chip and signature first, then chip and PIN second -- unless they have changed it.

The EMV chip has a field in it to specify what authentication is required. It can specify a primary method, then a backup method if the primary isn't possible.

In the US, almost every bank is setting chip-and-signature as first priority. Have you actually used it in the US, and had to enter a PIN at an attended point-of-sale terminal?
 
If you live in the U.S. then you have a basis to be dissapointed. However if you live in the rest of the modern world then Apple has created a solution to a problem that has not existed for several years. As an example in Canada NFC payments have been in place since 2012. Also since that time, debit and credit cards have a NFC tab chip built into them. Just tap your debit or credit card at the checkout, no need to enter a PIN, and you're on your way.
 
I dont think the people of Walmart would even qualify for a credit card; let alone have the cash to purchase an iPhone and use :apple:Pay! :D
 
BB is not a place to purchase anyway. It's an electronics showcase where you can go and look at things to then go buy them online or somewhere that does not include the overhead of their GIANT building, enormous inventory, and loads of staff.

Seriously... the BB model is OLD and worn out these days. Adapt or die.

And walmart... wow. That actually kinda surprises me. I'm not too worried about it because I don't do much brick and mortar shopping anyway so w/e.

My guess would be this is a strategic move by BB and Walmart for different reasons. They want to see how the :apple:pay works for others before adopting it to their stores. I wouldn't be surprised if they're on board by the next gen iPhone launch.
 
So many people here are clueless...blaming these retailers for not signing up for Apple Pay. Let me explain it to you from a retailer point of view:

Do you really think the largest retailers in the USA are going to sign-up for a new system that requires a new POS (that the retailer must pay for) and a COMPLETELY new way of consumers and employees USING said system?! Oh, and it's September so all of their IT organizations are in complete code-lock for the upcoming Black Friday and holiday season...so absolutely NOTHING is going to START to change/get implemented/tested/piloted until mid January 2015 so as not to mess up their projected sales. Let's also remember that the Apple Pay system is currently non-existent...it's only been ANNOUNCED...it's completely unproven...these retailers would essentially be beta testers (for their revenue stream I might add)...The economy is fair so there's no real reason for these companies to blow money...many of these (and other) retailers have ALREADY begun looking at other technologies to POSSIBLY implement so Apple is late to the game....and lastly, it's Apple...they are in the business for consumer products...not POS systems or banking institutions....so this new space for Apple as well as the slight fear of using Apple in the first place to manage the POS.

So tell me again why the retailers (especially late in any given year) are going to sign up for Apple Pay?
 
it blows me away that companies don't want to make the customer experience easier. I don't shop at either right now and don't plan to in the future.
 
darkslide29 said:
What I wonder is how the transaction will show up on my credit card bill, for cash back category purposes? I've never used NFC before.

For example. My American Express card gives me 6% cash back at grocery stores. If I were to use my Amex Card via Apple Pay at a grocery store, will it show up as the grocery store on my bill so I get cash back? Or will it be a generic Apple Pay purchase that only gets the base 1% cash back.

It is possible Apple Pay will behave differently than other NFC systems, but likely not. So maybe someone here has experience with that?
Click to expand...

I have not used NFC before, but I have the same AMEX as you.
NFC obscures the retail location type?
 
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