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Walmart Announces Apple Pay Competitor 'Walmart Pay' for iOS

dontwalkhand said:
Report this Walmart location to your card provider. Their merchant agreement doesn't allow payment friction (e.g, checking an ID). The only thing they're allowed to check is the signature is signed on the back of the card.
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Yeah, I don't shop at Target anymore because of something similar. At the target's out here, to buy anything that requires you to be of a certain age (M movies/video games, Alcohol, certain over the counter drugs, etc.) they require that you not only show them your ID, but that you hand it over so that they can scan it. I was like HELL NO, and they refused to sell me the stuff. You want to check my ID, fine, however I am not giving you the right to scan all the info off my license. And oh yeah, because they got hacked and I had to change my cards.. Screw you target!
 
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kdarling said:
Because it makes sense and helps consumers with common terminology.
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So why didn't CurrentC just call themselves Current Pay? It seems that everyone is suddenly calling their payment systems "whatever Pay" AFTER Apple released theirs. I think they're just capitalizing on the name.

kdarling said:
For that exact same reason, Apple recently changed the name of its Passbook app to Apple Wallet... just like Google Wallet.
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I'm guessing that when Apple Pay was released, it made sense to change it to Wallet since it now functions more than just a Passbook.

But we never saw Walmart Wallet, Samsung Wallet, LG Wallet, etc. did we? Again, because Apple called it Apple Pay, everyone else is copying them.
 
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majkom said:
still dont get it, what is so awesome about apple pay? I am using nfc debit/credit cards for years, why should I tap phone instead of card near the reader? where is the benefit?
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I'd rather not get my wallet out, especially now that I have an Apple Watch. The convenience of just holding your wrist over the terminal is really nice. With the phone, it's only marginally more convenient than pulling out your wallet and finding the card inside.
 
majkom said:
still dont get it, what is so awesome about apple pay? I am using nfc debit/credit cards for years, why should I tap phone instead of card near the reader? where is the benefit?
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It's quicker, we hope it gets to point where all store support it and you can leave your wallet at home, just a tap of your phone and your done instead of having to take out your wallet and you card and tapping or swiping. Plus it's more secure, people can steal your card info with machines and tap, while Apple Pay won't do that cause the card isn't actually stored on the phone
 
This is a prime example of how Samsung has managed to get it right, they work with virtually any merchant system, since it works with the magnetic card readers as well as NFC. Now if they would simply work with any Credit or Debit card, no matter what bank they would take over almost instantly.

Walmart rolling out their own payment system will just make things convoluted, people don't want to think about what app they can use where, they will want a simple, unified app.
 
l00pback said:
You've probably already had several replies, but here's another:

Apple Pay offers better security over other NFC solutions with TouchID, and tokenized security codes. If someone takes my iPhone, they can't use my Apple Pay. If someone breaks into a merchant's payment system (think Target or Home Depot) and steals my payment information, it will be useless.
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What if somebody breaks into VISA or MASTERCARD?
 
MJedi said:
So why didn't CurrentC just call themselves Current Pay? It seems that everyone is suddenly calling their payment systems "whatever Pay" AFTER Apple released theirs. I think they're just capitalizing on the name.
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Somewhat, sure. It still helps everyone when it's standardized in meaning.

Plus Apple doesn't own the word "Pay", nor were they the first to use it for payments. E.g. "Loop Pay" came before Apple Pay. Should Apple have used a different word?

Apple using "Pay" is just like their use of "Watch", or Microsoft's use of "Windows". It's a marketing attempt to become associated with a common word.

I'm guess that when Apple Pay was released, it made sense to change it to Wallet since it now functions more than just a Passbook.
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It sounds like you're saying that when Apple copies what others have done, it's okay.

But we never saw Walmart Wallet, Samsung Wallet, LG Wallet, etc. did we? Again, because Apple called it Apple Pay, everyone else is copying them.
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Walmart didn't make a Wallet. In general:

"Pay" applications let you pay for something. "Wallet" applications store ways to pay, tickets, reward cards, etc.

It's similar to the real life difference between credit cards, and a wallet holding a bunch of cards.
 
Voytech said:
Maybe it will let you donate to their employees for christmas?
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My understanding is that these employees voluntarily work for Wal-Mart. The American public likes or can afford the prices of goods at Wal-Mart. How do you think Wal-Mart arrives at these price points?
 
zaphon said:
I know that, about half the places I shop at now use Chip and Pin, which is fine (some have the readers but tell me it's not enabled yet when I go to insert it). So I actually try and swipe first, then if it asks me to insert it, I do. However Wal-Mart is the only place where they then rip it back out so they can check my ID (it's happened twice now, when they could have simply asked me to show it to them). That's about as annoying as asking to see my receipt when I leave. Legally I don't have to show it to you, so bugger off.
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The places you shop at use chip and signature as a payment method, not chip and pin, there is a difference.

They aren't allowed to ask you for ID per VISA's regulations... I'm not about the rest of the card issuers.

If an employee did that to my card, they'd be fired on the spot. They'd be packing up their register drawer, their belongings, and leaving with an escort.
 
samcraig said:
Did you shop there at all before Apple Pay and use a CC? If so - they already have it.
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It tried to use my CC at a Wallyworld last May. It was in Denver. Their silly system detected that I was using a card issued outside the USA. Suddenly I was asked for my US Zip code.... WTF??
In the end, I just left the goods and walked out.

Here in the UK, we have a branch of Wallyworld called ASDA. IMHO, it seems that the same sort of people shop there as at WW.
I avoid my local one like the plague. It might be cheap but the experience is awful. And they don't open until 08:00!
 
dontwalkhand said:
Report this Walmart location to your card provider. Their merchant agreement doesn't allow payment friction (e.g, checking an ID). The only thing they're allowed to check is the signature is signed on the back of the card.
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With most major credit cards, merchants are allowed to ask for ID, but are not allowed to make showing it a requirement. (And they cannot write anything down from it.)

However, note that if your purchase signature doesn't match what's on the back of the card, THEN YES the merchant can ask to see photo id. Assuming the merchant bothered to check the signature, of course. Very few do these days.

Also, if you never signed your card, then the merchant can also ask for ID. (Cards are not valid if not signed. Signing the back is part of your contract with the issuer.)
 
This is really about Walmart wanting to control negotiations about credit card fees; and they're happy to make things worse for their customers if it means they can reduce costs.
 
PaulSorensen said:
This is really about Walmart wanting to control negotiations about credit card fees; and they're happy to make things worse for their customers if it means they can reduce costs.
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Except it sounds like you can use any credit or debit card in Walmart Pay. If it was really about fees, they could have done something about it (whether it's by imposing a minimum amount, surcharging or even no longer accepting cards altogether).
 
So Wal Mart you want to make my life MORE difficult, yet when I go to places like Trader Joes and Sprouts I can use Apple Pay. The message you’re sending me is you want to drive away (relatively) affluent Apple product owning customers from your stores.
 
majkom said:
still dont get it, what is so awesome about apple pay? I am using nfc debit/credit cards for years, why should I tap phone instead of card near the reader? where is the benefit?
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For me, applepay includes the security of only working with my thumbprint.
 
Two payment methods:
1. ApplePay
2. AndroidPay

Anything else is waste of time. SamsungPay, CurrentC and anything else that comes to the market only serves to fragment the market and hence hamper the adoption of mobile pay solutions.
Google and Apple have it solved. It's seamless and is not a hassle.
Almost every smartphone made in the last two years has NFC.
Why are we scanning QR codes???
 
xraydoc said:
Yet this new "Walmart Pay" can use major credit cards per the article. So what's special about this system, then? They may as well just have used ApplePay and other NFC systems and saved themselves the cost of developing and maintaining a proprietary system if they're so concerned with transaction fees. Makes no sense to me.
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I don't get it either. In fact, I bet this costs them more as they should have to pay the "Card Not Present" fee to Visa/MC/AMEX since they don't physically see your card at the transaction.
 
neutralguy said:
What data are you talking about??? Coming from retail management software company, I will tell you this: retailers are least interested in your credit card information. All they want is your name and the hinge you bought.
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There is a big reason retailers like Walmart don't want to give in to Apple Pay: they have no access to their customers' shopping habits.
 
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