I don't get how CVS can get it so right with banning tobacco products and so wrong banning Apple Pay.
Ah but you forget the two most common elements in the Universe:
1. Hydrogen
2. Human stupidity
of course they weren't as stupid as to ban bank notes as a form of payment, but I bet they wish they could!
so some upper echelon dufus in some office block in Manhattan was thinking "hmm lets see if we can make more money by preventing people from buying our stuff!" Great thinking Einstein!
Remember the DIVX DVD player? Remember Walmart's MP3 store? History is definitely repeating itself.
Yeah, I remember that hair-brained scheme cooked up by Dick Sharp and a bunch of lawyers. It was a happy day when they pulled the plug on that stillborn mutated distant cousin of the DVD.
This news has hit big today (we've talking about it here on AI since, when was it, last Friday?).
The silly meme in almost every article seems to be that Apple is colonizing the retailers' checkout counters: Someone please explain to me, how in the heck is this even true? Why wouldn't the store know what I bought, when I bought it, and what price? For example, how else can I get after-sales service, do returns, etc.?
I predict Apple is going to win this one -- but it won't be overnight -- and when it does so, it'll be huge. The free publicity that ApplePay is getting on this in the media is priceless!
er its called a receipt!
Perhaps it's best to avoid posting in English-language forums if you are not very good at reading or processing the language.
I have to support Apple Pay. I was never going to support an app that wants my SSN and DL and ACH Debit and health information. That's just a non starter for me. This information would be more secure posted up on my Facebook Page than with CurrentC.
Social Security number, Driver's license and access to ACH debit account and your health information!
That sounds like an absolute disaster and a nightmare waiting to happen!
No way in hell would I ever give out such information!
Anybody who signs up for that is not too smart in my opinion, and many of them will surely regret it soon enough.
As to giving CurrentC merchants access to health information -- which will be shared with God knows who ...
If you like your testicles ... you can be assured
that they are secure ... Period!
"Or maybe it doesn’t really matter. After all, how many people probably turned and walked out of a CVS this weekend because they couldn’t pay with their shiny new phones? They just did what everyone else is still doing, everyday, everywhere: They pulled out a credit card."
That is the end result. Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
You're citing convenience of not having to pull out my card, which to me is the least appealing aspect of ? Pay. Security and privacy are the most important aspects of the technology. Using a single use token to protect me from fraud and anonymizing my purchase history, far outweigh convenience. Not just that. The financial institutions are pushing ? Pay really hard and Apple has most of them and all the CC issuers on board.
Informed and affluent consumers will sway the market more than you think. People will change their purchasing habits if they feel retailers aren't looking out for their best interest.
What's so stupid about this is the retailers will still take credit cards, just not credit cards in the form of a mobile phone. I think this will backfire on Walmart and others. Verifone is pushing retailers to accept ?Pay and Wells Fargo is offering customers $20 when they pay with ?Pay ($10 for debit cards). What's really maddening is there using some stupid QR scanning system instead of an NFC just because enabling NFC would enable ?Pay. Dumb dumb dumb.
"Or maybe it doesn’t really matter. After all, how many people probably turned and walked out of a CVS this weekend because they couldn’t pay with their shiny new phones? They just did what everyone else is still doing, everyday, everywhere: They pulled out a credit card."
That is the end result. Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
Actually, I will goto Walgreens from now if it's not a huge price difference
What really worries me is that it requires the consumer to link they bank info to it. That alone guarantees me - and many others - to never, ever using it.
Can someone please explain to me why it seems to be such a big deal to give your bank account info to a payment processor? Which CurrentC, as ridiculous as they seem to be (including the name; if you fail at that already...), is aiming to become?
In Germany, credit cards are rarely used in everyday transactions; and VERY few people use them to pay for groceries. Heck, most supermarkets don't even accept them.
Around here almost all cashless payment transactions are done via SEPA Direct Debit. At checkout, a terminal reads from the customer's bank debit card their bank account and routing number, which is then used to collect the amount due from the customer's bank account. At no charge to the consumer; and for a merchant fee substantially lower than those charged for credit card transactions (as low as 0.2% nominally).
Could it be (honest question) that consumers in the US are simply not used to disclosing their bank info this way? Because they're used to disclosing their credit card info instead? Europeans do it every day, everywhere they pay.
Get a cart of crap at wal mart and then demand to see management and ask why their NFC reader is off. You no longer have a physical credit card. Then proceed to go to their competitor and buy crap there.
More secure transactions is the issue here, not apple pay specifically.
The retailers and credit card companies have been screwing us for some time now.
Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
Yes, but it defeats the purpose of these retailers supposedly rebelling against or not wanting to pay credit card fees.
More important, ApplePay isn't only about "not massively more convenient," if you've actually been reading, or trying to understand, much about it: it's more fundamentally about security. (It's possible, however, that's an issue that only resonates with more well-off consumers.)
I have to support Apple Pay. I was never going to support an app that wants my SSN and DL and ACH Debit and health information. That's just a non starter for me. This information would be more secure posted up on my Facebook Page than with CurrentC.
I don't understand why these two systems can't co-exist. Those who want to use a credit card can use Apple Pay/Google Wallet; those who don't want to use a credit card can use CurrentC. MCX could even encourage people to use their system by giving a 1-3% discount since they aren't paying CC fees.
(And then CurrentC will slowly fade away because few people will want to give out that much info and it's too much of a hassle at checkout.)
Ah but you forget the two most common elements in the Universe:
1. Hydrogen
2. Human stupidity
of course they weren't as stupid as to ban bank notes as a form of payment, but I bet they wish they could!
so some upper echelon dufus in some office block in Manhattan was thinking "hmm lets see if we can make more money by preventing people from buying our stuff!" Great thinking Einstein!
When are you guys going to realize it's not a binary war! There will be no one winner. There might be a market leader and in some cases thats becomes a monopoly i.e Microsoft in OS, Google in search etc But it doesn't last forever. There is no "best". Stop behaving like teenagers please and grow up!
...
Jeez GET A LIFE, get laid or whatever else you do. If how you pay for something is the only way in life that gets you off and bolsters your sense of self, well I have news for you! ITS PATHETIC
Dude, _you_ are the one yelling at random strangers on the Internet...
I'm wondering if MCX establishments don't accept Apple Pay or Google Wallet, what's to stop Apple or Android phones from accepting and loading an MCX app on their mobile phones?
Comments
Q. How many Apple insider posters does it take to change a light bulb?
A. At least 200 and each one criticizes the way in which the previous one screwed in the lightbulb
I don't get how CVS can get it so right with banning tobacco products and so wrong banning Apple Pay.
Ah but you forget the two most common elements in the Universe:
1. Hydrogen
2. Human stupidity
of course they weren't as stupid as to ban bank notes as a form of payment, but I bet they wish they could!
so some upper echelon dufus in some office block in Manhattan was thinking "hmm lets see if we can make more money by preventing people from buying our stuff!" Great thinking Einstein!
Q. How many Apple insider posters does it take to change a light bulb?
A. At least 200 and each one criticizes the way in which the previous one screwed in the lightbulb
That's why you're here, right?
Remember the DIVX DVD player? Remember Walmart's MP3 store? History is definitely repeating itself.
Yeah, I remember that hair-brained scheme cooked up by Dick Sharp and a bunch of lawyers. It was a happy day when they pulled the plug on that stillborn mutated distant cousin of the DVD.
Apple:
Perhaps it's best to avoid posting in English-language forums if you are not very good at reading or processing the language.
Just sayin'....
As to giving CurrentC merchants access to health information -- which will be shared with God knows who ...
If you like your testicles ... you can be assured
that they are secure ... Period!
"Or maybe it doesn’t really matter. After all, how many people probably turned and walked out of a CVS this weekend because they couldn’t pay with their shiny new phones? They just did what everyone else is still doing, everyday, everywhere: They pulled out a credit card."
That is the end result. Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
You're citing convenience of not having to pull out my card, which to me is the least appealing aspect of ? Pay. Security and privacy are the most important aspects of the technology. Using a single use token to protect me from fraud and anonymizing my purchase history, far outweigh convenience. Not just that. The financial institutions are pushing ? Pay really hard and Apple has most of them and all the CC issuers on board.
Informed and affluent consumers will sway the market more than you think. People will change their purchasing habits if they feel retailers aren't looking out for their best interest.
QR code is so archaic and stupid
Actually, I will goto Walgreens from now if it's not a huge price difference
Originally Posted by sflocal
[...]
What really worries me is that it requires the consumer to link they bank info to it. That alone guarantees me - and many others - to never, ever using it.
Can someone please explain to me why it seems to be such a big deal to give your bank account info to a payment processor? Which CurrentC, as ridiculous as they seem to be (including the name; if you fail at that already...), is aiming to become?
In Germany, credit cards are rarely used in everyday transactions; and VERY few people use them to pay for groceries. Heck, most supermarkets don't even accept them.
Around here almost all cashless payment transactions are done via SEPA Direct Debit. At checkout, a terminal reads from the customer's bank debit card their bank account and routing number, which is then used to collect the amount due from the customer's bank account. At no charge to the consumer; and for a merchant fee substantially lower than those charged for credit card transactions (as low as 0.2% nominally).
Could it be (honest question) that consumers in the US are simply not used to disclosing their bank info this way? Because they're used to disclosing their credit card info instead? Europeans do it every day, everywhere they pay.
More secure transactions is the issue here, not apple pay specifically.
The retailers and credit card companies have been screwing us for some time now.
ENOUGH IS ENOUGH YOU BASTARDS.
Yes, but it defeats the purpose of these retailers supposedly rebelling against or not wanting to pay credit card fees.
More important, ApplePay isn't only about "not massively more convenient," if you've actually been reading, or trying to understand, much about it: it's more fundamentally about security. (It's possible, however, that's an issue that only resonates with more well-off consumers.)
Lmao no kidding...
I don't understand why these two systems can't co-exist. Those who want to use a credit card can use Apple Pay/Google Wallet; those who don't want to use a credit card can use CurrentC. MCX could even encourage people to use their system by giving a 1-3% discount since they aren't paying CC fees.
(And then CurrentC will slowly fade away because few people will want to give out that much info and it's too much of a hassle at checkout.)
Originally Posted by Paul94544
Ah but you forget the two most common elements in the Universe:
1. Hydrogen
2. Human stupidity
of course they weren't as stupid as to ban bank notes as a form of payment, but I bet they wish they could!
so some upper echelon dufus in some office block in Manhattan was thinking "hmm lets see if we can make more money by preventing people from buying our stuff!" Great thinking Einstein!
Hey, if you're going to rip-off someone's quote (in this case, Frank Zappa's), at least have the courtesy/decency to make the proper attribution: http://www.brainyquote.com/quotes/quotes/f/frankzappa106017.html
Pathetic.
Dude, _you_ are the one yelling at random strangers on the Internet...