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My physical Chase VISA card was compromised by a restaurant delivery driver. I called and reported the incident and Chase immediately cancelled the physical card. Within minutes I received a notice on my iPhone that my new card was set up in ApplePay. The image of my card showed a different 4 digit ending than the physical card that was compromised. The new 4 digits matched the new physical card I received a week later. I was able to continue using the card through ApplePay without interruption. So that was an advantage of ApplePay right there....if the physical card is compromised, there is no interruption in being able to use the card through ApplePay. At least with Chase everything happened seamlessly in the background.

Nice! Thanks for the answer.
 
No, in fact it is not common practice. It might be done by some companies. But most reputable large companies that are not struggling with cash flow issues honor their commitments.

Apparently, times are changing:

Big Companies Pinch Suppliers on Payments

The move highlights how America's biggest companies continue to build on the aggressive cash management practices they adopted in the wake of the credit crisis. What began as a way to preserve cash when markets dried up a few years ago has become a means of freeing up money to fund expansions, buy back stock and support dividend payouts at a time of lackluster sales growth and shrinking profit margins.

Wall Street Journal

Big Companies Pay Later, Squeezing Their Suppliers - The ...
www.nytimes.com/.../big-companies-pay-later-squeez...
The New York Times
Apr 6, 2015 - How would you like to have 120 days to pay your creditors? .... slight discount so the supplier does not have to carry the receivable on its books.

P&G, Big Companies Pinch Suppliers on Payments - WSJ
www.wsj.com/.../SB1000142412788732401070...The Wall Street Journal
Apr 16, 2013 - The company is looking to move its payment terms to 75 days and ... to extend payment terms on $285 million in receivables from several large ...

Dell, Cisco, Other Large Companies Lengthening Payment ...
www.allbusiness.com/dell-cisco-other-large-companies-lengthening-pay...
materials to final payment from Dell can be as long as 120 days. Dell ... so that meant my client carried around $320,000 in Wal-Mart receivables. Wal-Mart ...

etc.

As for Apple, their contracts are well known to give Apple all the power. For example, the one they had with GTAT for sapphire said that GTAT couldn't sell to anyone else, but Apple had no obligation to buy from them either.

Of course, the ultimate responsibility is on the supplier. If they want to play with the big dogs, they have to expect to get bitten at times.
 
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Apparently, times are changing:



Big Companies Pay Later, Squeezing Their Suppliers - The ...
www.nytimes.com/.../big-companies-pay-later-squeez...
The New York Times
Apr 6, 2015 - How would you like to have 120 days to pay your creditors? .... slight discount so the supplier does not have to carry the receivable on its books.

P&G, Big Companies Pinch Suppliers on Payments - WSJ
www.wsj.com/.../SB1000142412788732401070...The Wall Street Journal
Apr 16, 2013 - The company is looking to move its payment terms to 75 days and ... to extend payment terms on $285 million in receivables from several large ...

Dell, Cisco, Other Large Companies Lengthening Payment ...
www.allbusiness.com/dell-cisco-other-large-companies-lengthening-pay...
materials to final payment from Dell can be as long as 120 days. Dell ... so that meant my client carried around $320,000 in Wal-Mart receivables. Wal-Mart ...

etc.

As for Apple, their contracts are well known to give Apple all the power. For example, the one they had with GTAT for sapphire said that GTAT couldn't sell to anyone else, but Apple had no obligation to buy from them either.

Of course, the ultimate responsibility is on the supplier. If they want to play with the big dogs, they have to expect to get bitten at times.

Let me be clear. Any company has the right to negotiate tough and hard-nosed. I do it on behalf of my company, and in my personal financial dealings. In my job I consider it my fiduciary duty to my employer. But that is a negotiation process, and both parties know the terms going in. One would expect that a good business negotiator would not sign a deal that hurt their company.

My statement about Walmart is not about companies negotiating longer payment terms. This is about a company that let's its accounts go to collections because it just ignores pleas to pay. Walmart at one time had the power to just ignore big suppliers of goods and services when they requested on time payments, because they knew that they could get away with it. It's slimy, and it's typical of their practices.
 
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?

You will help cr-apple make even more $$... how can't you see benefits using pay cr-apple? ;)
 
My statement about Walmart is not about companies negotiating longer payment terms. This is about a company that let's its accounts go to collections because it just ignores pleas to pay. Walmart at one time had the power to just ignore big suppliers of goods and services when they requested on time payments, because they knew that they could get away with it. It's slimy, and it's typical of their practices.

If so, then that's quite different and would be an abuse of a position of power.

Do you have any news links to such occurences?

Thanks!
 
How is Samsung Pay a joke? It works on more terminals and has more features than Apple Pay (and Android Pay).

Why should there only be two? I don't think there should be dozens... but there's certainly room for several right now in its infancy. I am sure in the years to come there will be consolidation.
It's a joke because Samsung is a company that sells phones with bloatware. Samsung only exists because of it's Asian market. Why didn't Samsung use Google pay like every other Android device? I never liked Samsung...
 
It's a joke because Samsung is a company that sells phones with bloatware. Samsung only exists because of it's Asian market. Why didn't Samsung use Google pay like every other Android device? I never liked Samsung...
Every phone has bloatware. Even the iPhone. You can use Android Pay on Samsung devices. You don't have to use or install Samsung Pay. So hardly a joke. You're free not to like Samsung.. But in this context, there's little of a joke. Especially since this is about Walmart. Not a phone manufacturer.
 
nd, truly, is there anybody who does not notice when his card is lost? I can block card in a seccond with bank smart app... so, I dont take safety as a reason

You would be surprise how many people do. Particularly when they are wasted on the nights out drinking. Good luck to you noticing your card have just felt on the floor when you were paying for your 20th pint of beer. You may not take safety as a reason but it is a reason for many and a very good one. Also why would I want to go around with a walled unnecessarily filled with plastic cards when I can have all of them in my phone, or even better on my wrist which is always with me. You can hate it all you want but ApplePay is fantastic.
 
They have a point when it comes to compatability. Android commands about 80% of worldwide usage so supporting Apple Pay is limited to those with iPhones and supporting banks.
This may have been mentioned already in the many pages I have yet to read, but that is completely false. Supporting ApplePay is limited to anyone with a "tap to pay" credit card, including anyone using Apple Pay, Google Wallet, etc.
 
I tried my Canadian Apple Pay in Hawaii over the past week (American Express) and only had it fail everywhere expect at the Apple Store. Very disappointing experience.
 
You would be surprise how many people do. Particularly when they are wasted on the nights out drinking. Good luck to you noticing your card have just felt on the floor when you were paying for your 20th pint of beer. You may not take safety as a reason but it is a reason for many and a very good one. Also why would I want to go around with a walled unnecessarily filled with plastic cards when I can have all of them in my phone, or even better on my wrist which is always with me. You can hate it all you want but ApplePay is fantastic.
Apart from hardly anyone accepts it...
 
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It's a joke because Samsung is a company that sells phones with bloatware. Samsung only exists because of it's Asian market. Why didn't Samsung use Google pay like every other Android device? I never liked Samsung...
Really? We are not noticing that... why is that.. because they tread on the toes of your beloved apple... if you drive a ford, do you dislike Honda for the same reasons. . Didn't think so..
Oh
. And if you think samsung Only sell.phones in Asia then yours is the most misguided post of the year...
Among other things they build ships and tanks.. and sell them all.over the world..
 
QR codes = old people who think it's new exciting tech that's clever. Nope it's old dead to be forgotten tech that no one wants.

Walmart might think that customers will like this but it'll have very low adoption and get dropped in favour of apple pay and all other NFC in the future.
 
QR codes = old people who think it's new exciting tech that's clever. Nope it's old dead to be forgotten tech that no one wants.

Walmart might think that customers will like this but it'll have very low adoption and get dropped in favour of apple pay and all other NFC in the future.

Maybe. Eventually. But mobile payments (esp in the US) are still in their infancy. And quite honestly there is such a small percentage that would be so indignant that they would stop shopping at Walmart because of no acceptance of NFC payments. Until mobile payments are completely ubiquitous - Walmart doesn't have all that much to lose trying their own way. If they wanted, they could easily switch over in a matter of days.
 
Walmart Pay's QR code-based checkout process will involve opening the Walmart app, selecting Walmart Pay, activating the camera, scanning the code displayed at the register and waiting for the cashier to finish bagging your items. An electronic receipt will automatically be sent to the Walmart app.



"The simplicity and ease of Walmart Pay comes not only from how it works, but also in how it's been built," said Daniel Eckert, senior vice president, services, Walmart U.S. "We made a strategic decision to design Walmart Pay to work with almost any smartphone and accept almost any payment type - even allowing for the integration of other mobile wallets in the future. The result is an innovation that will make the ease of mobile payments a reality for millions of Americans."

Wow got to give credit to the SVP to actually come out with straight face and say that. Note to other companies - Do not hire him to run your mobile pay division
 
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I cannot see this taking off - the fact that I can use apple pay in other stores where I can tap my phone next to the reader and it bring up apple pay automatically.
Here I have to unlock, find the app, open it and then do press a button to pay!
I might as well get my wallet out and card...

but.. but... you forgot one of the other "conveniences" of the walmart app.... before you press the button to pay, you have to open your camera through the walmart app and take a picture of a QR screen and THEN press the button to pay.... this is some intuitive tech!
 
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Haha! You're funny! Do you mean America? There's not way in hell Wal-mart has any presence anywhere other than the states.

Actually, I think they are the largest in the world they own and operate store by other names in other countries.
 
Haha! You're funny! Do you mean America? There's not way in hell Wal-mart has any presence anywhere other than the states.
Haha, YOU'RE funny.

Walmart has over 6200 locations outside of the USA.
 
Maybe. Eventually. But mobile payments (esp in the US) are still in their infancy. And quite honestly there is such a small percentage that would be so indignant that they would stop shopping at Walmart because of no acceptance of NFC payments.

I agree - Apple Pay failed me on a recent trip to Hawaii. Either I couldn't use it, or the system had trouble recognizing the phone, or the transaction was declined due to processing errors.

QR codes while old fashioned and basic should work will less issues - especially considering Walmart is targeting the lowest common denominator.

I don't fault them for going with QR codes - it works.
 
It's a joke because Samsung is a company that sells phones with bloatware. Samsung only exists because of it's Asian market.

Android/Samsung phones are VERY popular in Canada, Europe, and Australasia. It's only within the United States that people hole Apple on a pedestal.
 
Okay, why does Apple allow this?

Just ban Current C and this app from the app store. If Walmart doesn't want to allow customer to use Apple Pay, why should Apple allow this app to be part of the app store?

Walmart takes chip card transactions anyways--only an idiot would use their stupid QR system.

It sounds very much like you are suggesting that Apple should use illegal and anti-competitive methods.
 
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