All this hate for W-M, but no one sees this announcement as yet another brick in the wall. The war is on cash payments and anonymous consumer transactions. How does it feel to be monitored 24/7? Nice and cozy safe?
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Walmart Announces Apple Pay Competitor 'Walmart Pay' for iOS
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apple pay still gives them a number to track. It just can't be used without the phone/watch and at a terminal that accepts Apple Pay. So someone can't grab that number and buy online or manufacture a fake card.
But on Walmart pay -
If they can get people to open an app at every visit and keep credit cards on file they can track much closer. Add BLE and they can track walking through the store. It's gold to them. I just don't see the reason for mutual exclusivity. Offer cash back and people will be on it like flies.
Now What if a bunch of people started going with non-setup Walmart pay and slowed the lines... Or setup Walmart pay with no internet connection (clearly the all has to talk back to the server).
But on Walmart pay -
If they can get people to open an app at every visit and keep credit cards on file they can track much closer. Add BLE and they can track walking through the store. It's gold to them. I just don't see the reason for mutual exclusivity. Offer cash back and people will be on it like flies.
Now What if a bunch of people started going with non-setup Walmart pay and slowed the lines... Or setup Walmart pay with no internet connection (clearly the all has to talk back to the server).
You don't have to take your wallet out. No risk of leaving your card behind. Seeing all of the charges on those cards pop up on your phone helps agains theft. No risk of someone skimming your RFID code with a nearby scanner. Try it. You will see how easy it is.
Pretty much every single person that has lost a card doesn't realize it right away. Quite often they don't realize it until hours later possibly even a couple days. Basically there is much greater percentage of people who don't pay attention vs those who do. Remember you are talking about a society who can't, for the most part, keep track of their car keys or eye glasses.
1. It uses a randomized token system to secure your transaction
2. It can store multiple cards that you now don't have to pull out of your wallet or purse.
3. It is secured by Touch ID so to use it requires it actually be you. If you nfc debit were lifted without your immediate knowledge they could by things with it until they triggered a fraud alert. Not possible with Apple Pay.
4. It is considered the most secure by banks which is why they are all working to support it as soon as they can.
I'm pretty sure this is a hacked-up CurrentC anyway. The hilariously ancient QR code is the dead giveaway. The Walmart demographic will never fiddle with this. This idea is DOA.
you don't have to share your credit card information with the store or apple, so when there is a breech at the retailer, then your info is safe.
That alone is reason enough to use apple pay, but using apple pay is easier that using your credit card.
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So was CurrentC. Can't believe anyone even proposed that garbage and it got as far along as it did.
I see a lot of iPhones at the Walmarts I go to. And keep in mind the people with money to buy stuff shop there too. People with a bit of money tend to be misers on everyday stuff.
From an IT security perspective I would not trust Walmart with my personal information. Additionally the QR code method can provide a lot more data with the payment information than is needed, install a bunch of tracking cookies you name it. Its like running an unknown .exe file.
https://qrcodethursday.files.wordpress.com/2011/03/qr_code_security.pdf
https://qrcodethursday.files.wordpress.com/2011/03/qr_code_security.pdf
Still don't get it? Then you still haven't looked, or tried to get it, at all. Maybe read something, instead of posting.
Not a win for customers who refuse to give their debit card info to be held on file by any company that asks.
So you have a flip phone I assume?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
Either this is CurrentC or it confirms that CurrentC is done. Since WalMart was the force behind CurrentC and since CurrentC required their members to not take any other electronic wallet, then either WalMart has abandoned the CurrentC effort and gone it's own way, or it's using what's left of CurrentC on this convoluted system. I'm guessing the latter, but it doesn't bode well for there ever being a stand-alone CurrentC competitive app.
Seems as though their dream of circumventing credit card fees is dead. In fact if they accept a credit card through this, won't they have to pay the higher "card not present" fees that mail order sites, etc. have to pay? Maybe with their power they've been able to negotiate that away, but I'd be disappointed if the card companies caved to them. Or maybe they have decided that tracking customers is worth the extra fee to them. Seems like they'd be better off financially and security wise to go the Walgreen's route...Give customers a loyalty card in ApplePay as well as take payments through ApplePay (and the Android equivalents).
Seems as though their dream of circumventing credit card fees is dead. In fact if they accept a credit card through this, won't they have to pay the higher "card not present" fees that mail order sites, etc. have to pay? Maybe with their power they've been able to negotiate that away, but I'd be disappointed if the card companies caved to them. Or maybe they have decided that tracking customers is worth the extra fee to them. Seems like they'd be better off financially and security wise to go the Walgreen's route...Give customers a loyalty card in ApplePay as well as take payments through ApplePay (and the Android equivalents).
Well first of all you don't have to take out your wallet and search for the card - just bring your phone near the reader and the default one will pop up .... And then there is a host of other security problems that Apple Pay solves - for example if lets say Walmart has a security breach your card number is not going to be among those ones because ApplePay uses a one time transaction-specific code, so the store doesn't even get to see your info ...
I have not shopped at Wally World in more than 7 years. During my last visit there I decided "never again" because they only had 2 of 25 checkout lanes open and customers were lined up 7 deep waiting to check out. I can't wait to hear about what Walmart Pay does to the speed of the checkout line when customers have to find and open an app to pay.
Odd. I've used it at a bunch of places and never had a issue except when the girl at McDonald's hit a different form of payment. They showed her the error of her ways and one second paid.
This sucks, I guess they're going to roll it out to ASDA in the UK, too. By years end ASDA are going to be the last big chain super market to not have any intention of supporting mainstream contactless technology for payment in the UK, i understand why they want their own technology, but do they really need to force a low tech solution onto the uk as well? I wish sainsburys would get their arse in gear too, my local sainsburys has had a sign up saying coming soon for weeks, it's literally the last place I need to use a card on my daily routine.
Walmart is a terrible store in the first place, WHY do people keep shopping there? Sure things are marginally cheaper, but it's not worth the irritation of poor customer service (or complete lack thereof), no checkout lanes open and busted "U-Scan" terminals.
Not to mention the way the treat employees .. no thanks Walmart.
Not to mention the way the treat employees .. no thanks Walmart.