Walmart Announces Apple Pay Competitor 'Walmart Pay' for iOS

[Steve.P.JobsFan]

Again, without credentials, only small amount can be stolen, so risk is very low... go to phone, open app, sign in, and block it - it will take me like 30-60 seconds, no big deal.


This is what u have to do event with no nfc cards... and still, less hassle/expensive than having an iPhone stolen
PS: getting new card will také like 10 days max... free of charge

He was referring to reversal of the fraudulent charges that can take upwards of 90 days. -- of course they'll get you a new card ASAP, they want to keep banking on interest from you.

He isn't stretching the truth, either. I contested a fraudulent charge from the United Kingdom on my MasterCard last summer. It took them 76 days (I checked) to fully reverse everything.

Banks in the United States are not speedy. Nor do they plan on becoming speedy anytime soon.

 

[ram-it14]

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?

Because now I don't have to carry my whole wallet with me. I always have my phone one me, now I rarely carry my wallet. Instead I carry a money clip with a few bucks, my ID, and one credit card as a backup.

 

[majkom]

so, apple pay is big deal mainly in us because of not really innovative banking sector?

 

[solarguy17]

Given the amount of people using the saving catcher portion of the app, if that makes that simpler or more automated, this might have a chance of catching on. Especially since they don't support Apple Pay.
I mean right now, I scan my receipt whenever before I leave the line. If they could make the pay and Reciept entering into saving catch one process that would be big.
I won't activate it unless I can always have it setup to scan as credit and not debit, but this could be big for Walmart.

 

[samcraig]

Banks in the United States are not speedy. Nor do they plan on becoming speedy anytime soon.

I don't know what banks or CCs you use or know about in the US. But I contested fraudulent charges on my Chase Debit/CC and within 24-48 hours they were taken off. There WAS an investigation that took about 20-30 days. But they money was back in my account. Amex is extremely responsive.

 

[mrgq]

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?

The difference is that with Apple Pay you do not use your real credit card number. When you register your card with Apple Pay it generates a virtual number that it is attached to your account and only works from your iPhone. Also if you were to lose your phone you do not have to cancel your card. You just use Find My iPhone to wipe the phone remotely or to unregister the cards and you're done. Even if the store's POS system gets compromised, your card information is useless to those who steal it.

 

[Naaaaak]

The image they use to promote it is of someone scanning QR Codes.

What a pile of ****.

 

[AbSoluTc]

So is the tattoo on her wrist something they missed or is it a nod to it's "diverse customer type"?

 

[Packerowner1984]

I wouldn't be threatened. One has to be willing to subject themselves to the WallyWorld punishment to use their new system. I can count on one hand the times I've been forced to enter their stores in the past 5 years. Each time I fully regret it and grind my teeth the whole time I'm in there. I'm not being snobby, I go to Target all the time. It's just something about Wal-Mart.

 

[WaxedJacket]

I'm just imagining the people of Walmart fiddling with their oversized phones in line to get this to work.

 

[benfalcon]

Yeah, so good luck with that Walmart. I don't shop with you anyway, and now I have yet another reason NOT to.

Totally agree!!!

 

[bbeagle]

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?

What is 'so awesome' about a debit/credit card? You can just use cash instead.

You found many reasons - don't have to worry about your cash being stolen, can track where your money goes easily by looking at statements, can buy things at a whim without going to the bank and taking out cash, can buy things a few days before your paycheck, etc. etc.

Same with Apple Pay. It gives you a few more conveniences... don't have to worry about a credit card being stolen, no need to carry around a wallet (eventually), etc. etc.

Right now, I can leave the house jogging, stop a Walgreens for a water, and ONLY with my Apple watch, I can buy it. I don't need to bring my wallet, don't need to put a crumpled $5 bill in my socks, and what to do with the change? It's much more convenient for certain use cases.

I think about situations I've been in, and what it would be like in the future. I've been swimming on the beach, and want to buy something, or rent a surfboard. Well, I've just got my swim trunks on. The old way was to either bring my wallet to the beach and hide it in the cooler, or under the beach blanket. Or put a $5 bill in the secret compartment of my swim trunks - and throw the change in the cooler. Bring my phone? No way - don't want it to get wet or stolen. Soon, I'll just wear a waterproof watch, and buy stuff with that while I can also swim without worry.

It'll happen. Baby steps. Many saw no reason for credit cards the first 20+ years they were offered.

 

[solarguy17]

well, there is pretty steep limit, you can pay only small amount without credentials.. and, 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

It may be different were you are from but in the US I can use my iPhone to make a $1 or a $10,000 payment. All with just my thumb on the TouchID or my Watch on my wrist.
And yes. People lose their wallets (which have the card inside) all the time. Or they are stolen.
If I lose or have my phone stolen, nothing can be purchased.

 

[samcraig]

The image they use to promote it is of someone scanning QR Codes.

What a pile of ****.

I live in NYC - there are quite a few "chains" or local businesses that cater to college kids and accept "campus cash" and/or have their own store apps with loyalty programs. At checkout, you open their app (or a 3rd party app) and scan a QR code. Even Starbucks' app (and I understand they also take Apple Pay or will) within their app asks you to scan a bar code.

Technology here (and around the world) is advancing. But it's not going to be overnight where everyone just accepts NFC payments. It's good that (some) stores are at least providing multiple ways to pay.

 

[wbeasley]

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?

Perhaps for most people their phones always seem to be in their hands. no need to open wallet/purse and pull card out. so less fiddly.

 

[DogHouseDub]

On one hand, you have to consider that the geographical locations and clientele that frequent a Wal-Mart are not as iPhone-centric as you might find on the coasts. So an alternative that works for a larger portion of their customer base makes sense.

On the other hand, this is asinine.

 

[iZac]

When some retail says "we don't support Apple Pay" are they basically saying "we don't support the standard NFC payment system"?

I confess myself rather confused about the difference between Apple / Google / Samsung pay etc

I assumed "apple pay" was just an Apple branded version of the same old NFC tech that google wallet was using years ago?

 

[Carmenia83]

I understand that they don't wanna spend the money to outfit all their registers with NFC terminals, but if I'm not in a self checkout lane will I have to hand my phone over to the cashier to scan the QR on their screen? There's no display like that facing the customer at most terminals... Hopefully this garbage will at least add the transaction to Savings Catcher automatically and save me a few seconds there.

 

[itguy06]

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.

If they turn on the NFC readers they can support Apple Pay and Android Pay. They both use the same NFC terminals and process the exact same way.

 

[yg17]

He was referring to reversal of the fraudulent charges that can take upwards of 90 days. -- of course they'll get you a new card ASAP, they want to keep banking on interest from you.

He isn't stretching the truth, either. I contested a fraudulent charge from the United Kingdom on my MasterCard last summer. It took them 76 days (I checked) to fully reverse everything.

Banks in the United States are not speedy. Nor do they plan on becoming speedy anytime soon.

Your bank sucks.

I noticed some fraudulent pending charges on my Chase credit card. I called them. They sent a new card to my hotel overnight since I was traveling, the charges disappeared from my account, and I never heard about it again.

 

[gsmornot]

I wouldn't be worried except that every time I've tried to use Apple Pay in the last six months it's failed.

That's unfortunate. I use it on a regular basis, try to shop specifically at places that take it, and have near 100% success. I wonder what part is failing for you. Is it that the store is not setup or are you having an issue with your device not working correctly?

 

[mzubb]

what is a premium iphone? what is NOT a premium iphone?

ApplePay is supported by iPhone 6 and higher.

 

[DudeDad]

Oh yea, the simplicity of an app for every store. And I really want Walmart to have my credit card info saved on their servers.

Then we will get an app to consolidate them...oh wait, that's Apple's Wallet....

 

[samcraig]

On one hand, you have to consider that the geographical locations and clientele that frequent a Wal-Mart are not as iPhone-centric as you might find on the coasts. So an alternative that works for a larger portion of their customer base makes sense.

On the other hand, this is asinine.

Walmart sells iPhones. Let's not make snap judgements about what devices their customers use or don't use.

 

[itguy06]

well, many people go to walmart only once a month and buy a huge amount of stuff. so having a little less convenient way to pay isn't a big deal if you are mainly interested in saving money.

Few things are cheaper at Walmart than other places. It's been proven time and time again that all the retailers are roughly the same for the majority of goods.

That being said the only thing I really buy from Walmart is oil for my cars. They tend to be a good bit cheaper than the auto parts stores.