Agree. These stores that are unwilling to accept ApplePay are saying this to their customers:
WE DON'T CARE about YOUR PRIVACY or GETTING YOUR IDENTITY STOLEN.
Well fuk them. I'm going to shop somewhere else than.
Funny. I said the exact same thing when I got my first iPad and couldn't view many websites because they clung to using Flash or never bothered to make an iPad version.
I thought to myself "there are millions upon millions of iPad users and you're too damn lazy to make an optimized website for those customers?"
Of course, they've mostly come around now, but in the beginning it was terrible.
I understood what you said and expanded to state merchants do benefit even when you factor in the costs of upgrading equipment. Right now merchants and restaurants aren't typically liable for fraud. In October 2015 of next year they will be potentially liable for fraud if they don't support the more secure standards. These vendors not publicly supporting ? Pay from the outset is a non-starter. There are other behind the scenes things going on. ? Pay is just the authorization mechanism. They are just providing proof of identity as far as merchants are concerned.
Funny. I said the exact same thing when I got my first iPad and couldn't view many websites because they clung to using Flash or never bothered to make an iPad version.
I thought to myself "there are millions upon millions of iPad users and you're too damn lazy to make an optimized website for those customers?"
Of course, they've mostly come around now, but in the beginning it was terrible.
Same with Flash and any number of other initiatives that Apple has pushed forward that benefit their customers. Eventually, it will be a tidal shift. Apple's approach has the full backing and support of credit card issuers and banks. Their customers typically fall into the demographics that spend money and they'll push the market to adopt it, as they have with other technologies.
I suppose retailers might be put off by the fact that the payment is anonymous and of course they prefer the customer uses their in store credit card which makes more money in interest charges esp. Macy cards and they make money selling your spending profile to other companies like your email, phone number, address and zip code. Retailers typically make more profit off cards than actual sales too. I know that gasoline retail are champing at the bit to get Apple Pay because fraud is rampant at the pumps. I have inside info on that but I cannot say which major will be onboard or I will get into trouble. Another question is if debit cards will be included or not, because a PIN is needed for that and I'm not sure if Apple pay can do that?
As pointed out by Carson O'Genic and foad, you will hear a chorus of businesses completely changing their tune by this time next year, since they will become liable for any fraudulent charges if they don't update to the new technology, so guess what. They will.
Why that was left out of this story confuses me, but if you ask a merchant -- nearly any merchant -- *now* if they're going to pay upgrade their systems to the "chip-and-pin card"/NFC standards, *of course* they're going to mostly say no. And if this is misinterpreted as saying "no" to Apple Pay, these same merchants are going to be hurt just because Daily Dot can't do journalism right.
To correct the misleading record presented here: NONE of these merchants said they would refuse to accept Apple Pay. They simply said they are not yet planning to change over to terminals that accept chip-and-PIN/nfc/mobile payments yet, in part because the banks haven't really moved on this enough yet, and because they're not legally required to for another year.
The squeaky wheel here is going to get some serious grease after this xmas, when 50 million new iPhone buyers want to use the feature and will be asking why they can't ... by this time next xmas, there won't be a reputable retailer in America that either doesn't already accept NFC/mobile payments, or is busy installing them. Not because of Apple -- because of Apple buyers. Mark my words.
The article failed to mention some key points surrounding mobile payments.
MCX (Merchant Customer Exchange) is setting up their own payment system and Walmart, Best Buy and many others are signed up (as of right now) to use this system. It's not as good as Apple Pay, nor as secure, but there are reasons why stores like them. Here's a few quotes from their website:
"Protect and leverage valuable data to offer your customers better experiences and interactions throughout the path to purchase." Well, doesn't that sound familiar (cough Google cough). So they're going to mine your purchasing habits in order to present offers to you.
"Merchant Customer Exchange is the only merchant-owned mobile commerce network..." Merchant owned. That's another key right there. As Tim Cook stated, people look at creating a service (like Apple Pay) while thinking about how it benefits them. Apple looks to create a service to benefit users. Obviously MCX is creating this for their own benefit while passing it off as benefitting users. Data mining is just the start (so they can target offers and tailor loyalty programs). I'd bet cold, hard cash that they also stand to make a juicy cut off every transaction as well.
Another issue is that it will be mandatory for merchants in the US to update their card terminals by Oct 2015. They aren't obligated to update to NFC terminals, but they are required to support EMV. And since they're going to be getting new hardware, it's pretty much a given that the manufacturers of terminals are going to add NFC to the newer models so they can get everyone while it's mandatory to update. Big win for Apple Pay and NFC.
BTW, I said mandatory, but that's not quite true. What card issuers are saying is that liability will shift on October 2015. What this means is if you upgrade to EMV then as a merchant you're protected from fraudulent use. If you don't upgrade the liability for fraudulent transactions falls back to you. No merchant will take that risk, so expect everyone to be upgrading over the next year.
Now it looks like Kmart just had a breach as well. MCX stores all your credit card information on their servers. So unlike Apple Pay, there's a central repository of very personal data about you. With Target, Home Depot and now Kmart falling victim, who's going to trust MCX and other retailers to keep their information secure. Further, MCX has the ability to link to your bank account as well. Yikes.
I think Apple Pay is going to be just fine. Let everyone else keep screwing up with their half-baked systems and watch customer confidence take a dive.
"Protect and leverage valuable data to offer your customers better experiences and interactions throughout the path to purchase." Well, doesn't that sound familiar (cough Google cough). So they're going to mine your purchasing habits in order to present offers to you.
There a reason I won't use that system right there! I will NOT use my credit card or debit card at stores that are going to sell my profile I will use cash.
Well, we as consumer should tell them what we would like to use and vote with our feet. Given choice, I would not want to deal with a retailer that doesn't accept Apple, especially in light of recent security breach at Target and Homedepot.
Okay, screw ‘em. They can be left behind like the companies that didn’t enter the iTunes Music/Movie/TV/Book/App stores. They’ll give in eventually. Problem solved.
People always afraid of change, it's stupid but almost garanteed mid 2015 we will see them saying it amazes them the adaptation of this and they will be adding it then.
This is more about retailers not wanting to adopting NFC payments. Not specifically refusing Apple Pay. You take NFC, you take all forms of NFC payments including Apple Pay, Google Wallet and others.
That's not true... Merchants aren't responsible. If they don't switch to pin and chip transactions by I believe it's October 2015 then they will be responsible but they are not right now.
They all will fall in line, like a heard of sheep. Banks will charge them more for fraud risk. Walmart hmmmm isn't that the company that loves to sell iphones as a lost lead.
I'm making a list checking it twice, I'm gonna find out if they take apple pay or is it good bye because where they accept apple pay is where I want to buy. (Thats the reason of why I bought an iPhone 6 you SOBs get with the program you SOBs)
You mean checking your list for places that take NFC payments. Just look for the universal NFC logo and Apple Pay will work. Along with Google Wallet and all the other ways to pay with NFC.
iPhone users are proven time and time again to be the most valuable costumers out there. I see it that wether merchants want it or not. Merchants can adapt or loose profits or even die.
You mean checking your list for places that take NFC payments. Just look for the universal NFC logo and Apple Pay will work. Along with Google Wallet and all the other ways to pay with NFC.
I'll be checking for the Apple Pay logo I know it will be very limited but it should take off pretty quick because no one has done it in the scale that apple is doing it. Call me a fan boy or what ever, but i see apple pay as one of the best things to come out in resent years to solve a very important issue.
Comments
Agree. These stores that are unwilling to accept ApplePay are saying this to their customers:
WE DON'T CARE about YOUR PRIVACY or GETTING YOUR IDENTITY STOLEN.
Well fuk them. I'm going to shop somewhere else than.
Funny. I said the exact same thing when I got my first iPad and couldn't view many websites because they clung to using Flash or never bothered to make an iPad version.
I thought to myself "there are millions upon millions of iPad users and you're too damn lazy to make an optimized website for those customers?"
Of course, they've mostly come around now, but in the beginning it was terrible.
What I said? Or at least I intended to.
I understood what you said and expanded to state merchants do benefit even when you factor in the costs of upgrading equipment. Right now merchants and restaurants aren't typically liable for fraud. In October 2015 of next year they will be potentially liable for fraud if they don't support the more secure standards. These vendors not publicly supporting ? Pay from the outset is a non-starter. There are other behind the scenes things going on. ? Pay is just the authorization mechanism. They are just providing proof of identity as far as merchants are concerned.
Funny. I said the exact same thing when I got my first iPad and couldn't view many websites because they clung to using Flash or never bothered to make an iPad version.
I thought to myself "there are millions upon millions of iPad users and you're too damn lazy to make an optimized website for those customers?"
Of course, they've mostly come around now, but in the beginning it was terrible.
Same with Flash and any number of other initiatives that Apple has pushed forward that benefit their customers. Eventually, it will be a tidal shift. Apple's approach has the full backing and support of credit card issuers and banks. Their customers typically fall into the demographics that spend money and they'll push the market to adopt it, as they have with other technologies.
I know that gasoline retail are champing at the bit to get Apple Pay because fraud is rampant at the pumps. I have inside info on that but I cannot say which major will be onboard or I will get into trouble. Another question is if debit cards will be included or not, because a PIN is needed for that and I'm not sure if Apple pay can do that?
Why that was left out of this story confuses me, but if you ask a merchant -- nearly any merchant -- *now* if they're going to pay upgrade their systems to the "chip-and-pin card"/NFC standards, *of course* they're going to mostly say no. And if this is misinterpreted as saying "no" to Apple Pay, these same merchants are going to be hurt just because Daily Dot can't do journalism right.
To correct the misleading record presented here: NONE of these merchants said they would refuse to accept Apple Pay. They simply said they are not yet planning to change over to terminals that accept chip-and-PIN/nfc/mobile payments yet, in part because the banks haven't really moved on this enough yet, and because they're not legally required to for another year.
The squeaky wheel here is going to get some serious grease after this xmas, when 50 million new iPhone buyers want to use the feature and will be asking why they can't ... by this time next xmas, there won't be a reputable retailer in America that either doesn't already accept NFC/mobile payments, or is busy installing them. Not because of Apple -- because of Apple buyers. Mark my words.
The article failed to mention some key points surrounding mobile payments.
MCX (Merchant Customer Exchange) is setting up their own payment system and Walmart, Best Buy and many others are signed up (as of right now) to use this system. It's not as good as Apple Pay, nor as secure, but there are reasons why stores like them. Here's a few quotes from their website:
"Protect and leverage valuable data to offer your customers better experiences and interactions throughout the path to purchase." Well, doesn't that sound familiar (cough Google cough). So they're going to mine your purchasing habits in order to present offers to you.
"Merchant Customer Exchange is the only merchant-owned mobile commerce network..." Merchant owned. That's another key right there. As Tim Cook stated, people look at creating a service (like Apple Pay) while thinking about how it benefits them. Apple looks to create a service to benefit users. Obviously MCX is creating this for their own benefit while passing it off as benefitting users. Data mining is just the start (so they can target offers and tailor loyalty programs). I'd bet cold, hard cash that they also stand to make a juicy cut off every transaction as well.
Another issue is that it will be mandatory for merchants in the US to update their card terminals by Oct 2015. They aren't obligated to update to NFC terminals, but they are required to support EMV. And since they're going to be getting new hardware, it's pretty much a given that the manufacturers of terminals are going to add NFC to the newer models so they can get everyone while it's mandatory to update. Big win for Apple Pay and NFC.
BTW, I said mandatory, but that's not quite true. What card issuers are saying is that liability will shift on October 2015. What this means is if you upgrade to EMV then as a merchant you're protected from fraudulent use. If you don't upgrade the liability for fraudulent transactions falls back to you. No merchant will take that risk, so expect everyone to be upgrading over the next year.
Now it looks like Kmart just had a breach as well. MCX stores all your credit card information on their servers. So unlike Apple Pay, there's a central repository of very personal data about you. With Target, Home Depot and now Kmart falling victim, who's going to trust MCX and other retailers to keep their information secure. Further, MCX has the ability to link to your bank account as well. Yikes.
I think Apple Pay is going to be just fine. Let everyone else keep screwing up with their half-baked systems and watch customer confidence take a dive.
"Protect and leverage valuable data to offer your customers better experiences and interactions throughout the path to purchase." Well, doesn't that sound familiar (cough Google cough). So they're going to mine your purchasing habits in order to present offers to you.
There a reason I won't use that system right there! I will NOT use my credit card or debit card at stores that are going to sell my profile I will use cash.
To hell with Best Buy and Walmart. If they want to support their own platform, that's fine. Let's see how well they do.
Apple Pay will expend internationally and be very successful without them.
Best Buy is not technologically savvy. I think they are sloppy and they have also sold their souls to Samsung.
They got burned before by POS terminals failures and they don't want to spend money on new terminals again.
I can understand that although this time it may be penny wise and pound foolish.
Any vendor like like best buy who does not have an App that supports Apple Pay will be at a disadvantage this holiday season.
A lot of their shopping carts will be abandoned before checkout is completed.
Check out in the stores will take longer to process and I for one will buy from stores with Apple Pay.
Once Apple Pay starts catching on, everyone will get on board.
Banks will charge them more for fraud risk.
Walmart hmmmm isn't that the company that loves to sell iphones as a lost lead.
You mean checking your list for places that take NFC payments. Just look for the universal NFC logo and Apple Pay will work. Along with Google Wallet and all the other ways to pay with NFC.
As merchants not supporting Apple Pay see a loss of sales they will adapt to Apple Pay.
People shop where the conditions are right meaning Price, Selection, Courtesy , Check Out experience and Payment method excepted.
I'll be checking for the Apple Pay logo