It's only a matter of time. "Current C" is a poorly thought out solution that only benefits retailers. Apple Pay protects and is designed for ease of use with customers in mind.
In the short term the question really boils down to whether customers want the reward points enough to change where they shop, and how much custom the retailers can afford to lose in their effort to avoid credit card fees. We already know the answer to this from the existing credit card system. Many business absorb fees because they can't afford to lose customers.
I imagine that Apple Pay/Passbook will eventually work in tandem so you can choose to subscribe to coupon feeds that retailers beam out over the internet (iAds?) or locally via iBeacons. Coupons and store card benefits could all be processed in the same swipe as the transaction. Customers hate carrying around twenty different store cards for discounts so this would provide a much better customer experience.
It feels like this implementation of Apple Pay is just the first toe in the door. Apple could very well excise the credit card networks from the system at some point in the future with very little difference in the user experience. I don't believe this is the real priority though. The end game is for the cost of iOS hardware to be subsidised by the future purchases made using them. Let that thought sink in for a moment.
Apple could reduce the cost of an iPhone and still avoid the privacy invasion trade-offs of the data aggregation/advertising business model. The answer is to shift the "Apple tax" onto retailers who are already in desperate competition for customers. In a worst case scenario the business charges a card surcharge to cover their fee, but this is still subject to the laws of price competition. In a best case scenario the business absorbs the cost of the transaction. If they can't add a card surcharge (Apple requirement?) they build the cost into the sale price, which means that non-iPhone users would be subsidising the cost of every iOS device.
Was that thunder.... or the sound of a thousand android users' brains snapping in unison?
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! Each "widget" has its pluses and minuses and life cycle. IF your beloved phone doesn't work at all locations you do what most people do and either pull out a debit/credit card or cash. All this pathetic whining like a spoilt children is simply that, the rantings of very childish sniveling teenagers pretending to be "Adults" who think their comments are more important than they really are. In any event, who the heck cares about how you buy things. There are so many more important things to be concerned about. 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
Please seek the assistance of a psychiatrist who enjoys a challenge. It's an internet message board. No need to start yelling at people.
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! Each "widget" has its pluses and minuses and life cycle. IF your beloved phone doesn't work at all locations you do what most people do and either pull out a debit/credit card or cash. All this pathetic whining like a spoilt children is simply that, the rantings of very childish sniveling teenagers pretending to be "Adults" who think their comments are more important than they really are. In any event, who the heck cares about how you buy things. There are so many more important things to be concerned about. 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
Christ, who the hell pissed in your Cheerios? If you don't care, there's the door.
After looking at the comments on Rite Aid and CVS's Facebook pages, I wouldn't be surprised if those NFC terminals get turned back on well before CurrentC comes out. I'm not sure if there is a contractual obligation, but the fact that they were turned on before the other day complicates things. The bad PR is not going to be worth holding out for a competitor that just isn't out yet.
I'm not worried about ApplePay's future because standards almost always come out on top, and NFC is the standard of the future.
"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.
Sorry, but if I went shopping to a store that has NFC hardware that was previously functioning with ?Pay, and was then told it's been turned off in favour of using insecure CC magstripe to purchase, I wouldn't trust that retailer, and leave the store, leaving all my chosen goods on the counter.
What everyone should do is have CVS & Rite-Aid fill their prescriptions, then when it comes time to pay try to do it with Apple pay - when you're refused, simply say "Sorry, I'll need to go somewhere else"
Ring up a few hundred in groceries from Walmart - when you're refused, simply say "Sorry, I'll need to go somewhere else" and leave it all at the checkout stand.
Waste some salespersons time on a big sale - when you're refused, simply say "Sorry, I'll need to go somewhere else"
They'll get the idea soon enough what the cost of refusing to honor the "Customer's" choice of payment will cost them :smokey:
Well troll, you picked the wrong article to mention. Business Insider has no credibility whatsoever. Do you know who the CEO and Chief Editor of Business Insider is? It’s none other than Henry Blodget, a convicted felon who is banned for life from the stock exchnage. Blodget is serial scam artists who constantly plants negative Apple articles to manipulate for his cronies (he himself is banned from trading stocks).
So your dumb ass attempt to spread FUD about ?Pay fails on all levels. Next time do your homework. It will make you look like less of an asshat troll.
What everyone should do is have CVS & Rite-Aid fill their prescriptions, then when it comes time to pay try to do it with Apple pay - when you're refused, simply say "Sorry, I'll need to go somewhere else"
Ring up a few hundred in groceries from Walmart - when you're refused, simply say "Sorry, I'll need to go somewhere else" and leave it all at the checkout stand.
Waste some salespersons time on a big sale - when you're refused, simply say "Sorry, I'll need to go somewhere else"
They'll get the idea soon enough what the cost of refusing to honor the "Customer's" choice of payment will cost them :smokey:
Why be such an asshole to the cashiers who real people and have no control over all this? They are trying to make enough to pay bills.
When you leave all that at the table, they are the ones that have to put it all back and deal with the pissed off customers YOU just left behind you. Making someone's day Crappie, that has nothing to do with this, is not a good way to voice your opinion.
Just don't shop there. Or better yet, do what I did, send a email to them to all the execs you can find.
Isn't it funny how Apple makes a NEW enemy every time it enters a market?
IBM Blackberry Bose PayPal
When anyone else enters a market no one feels threatened. When Apple enters a new market the big guy is the first to fall. It's always David and Goliath with Apple.
Isn't it funny how Apple makes a NEW enemy every time it enters a market?
IBM
Blackberry
Bose
PayPal
When anyone else enters a market no one feels threatened. When Apple enters a new market the big guy is the first to fall. It's always David and Goliath with Apple.
Probably the same way someone might feel when some goober is talking their significant other, but if someone attractive, smart, decent, and wealthy starts talking them there may some thoughts that didn't appear when the goober was talking to that person.
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.
Informed and affluent consumers buy based on price. That is why they are informed and affluent. Consumers aren't going to spend more money just to use Apple Pay. If Walmart has the best prices they are going to shop at Walmart.
This is going to be really simple, if Walmart, CVS or anyone else determines this move will hurt their bottom line then it will change, if not then it won't. Taking an extra 15 seconds to swipe your card is not going to deter customers. An enthusiast forum is not an accurate representation of the general public.
Informed and affluent consumers buy based on price. That is why they are informed and affluent. Consumers aren't going to spend more money just to use Apple Pay. If Walmart has the best prices they are going to shop at Walmart.
This is going to be really simple, if Walmart, CVS or anyone else determines this move will hurt their bottom line then it will change, if not then it won't. Taking an extra 15 seconds to swipe your card is not going to deter customers. An enthusiast forum is not an accurate representation of the general public.
You keep falling back to convenience and that isn't the most critical aspect of Apple Pay, security and privacy are. The system is secure enough that the financial institutions are treating Apple Pay as CARD PRESENT transactions. Walmart, CVS and the rest of the retailers tied to MCX aren't thinking of consumers. They are thinking about the amount of data they will be acquiring on consumers that opt in to it. Consumers that are well informed and/or affluent aren't solely motivated by price. They are very conscientious of their privacy and security, more so then most and those that aren't well informed or affluent wouldn't even end up using CurrentC due to the convoluted way it works.
After looking at the comments on Rite Aid and CVS's Facebook pages, I wouldn't be surprised if those NFC terminals get turned back on well before CurrentC comes out. I'm not sure if there is a contractual obligation, but the fact that they were turned on before the other day complicates things. The bad PR is not going to be worth holding out for a competitor that just isn't out yet.
I'm not worried about ApplePay's future because standards almost always come out on top, and NFC is the standard of the future.
I believe if the merchant is a participant with MCX, that merchant must disable NFC terminals.
I think eventually customer complaints/loss of business will force some MCX merchants to re-enable NFC, but it may take a long time. Then the ease of use of ApplePay will become apparent for all to see when used side by side. Let the marketplace decide.
MCX supposedly saves the merchants a few percent (by bypassing credit card fees), but it is unclear if the merchants will pass those savings to the customer (I doubt it).
I believe if the merchant is a participant with MCX, that merchant must disable NFC terminals.
I think eventually customer complaints/loss of business will force some MCX merchants to re-enable NFC, but it may take a long time. Then the ease of use of ApplePay will become apparent for all to see when used side by side. Let the marketplace decide.
MCX supposedly saves the merchants a few percent (by bypassing credit card fees), but it is unclear if the merchants will pass those savings to the customer (I doubt it).
It is true that MCX participating retailers have an exclusivity arrangement and that they can lose a considerable amount of money for breaking that pledge (not to mention losing their 'sign up' fee).
The key point however is that said retailers have an out clause available up to one year from signing the agreement. I hope these retailers will make the right choice and kick CurrentC to the kerb where it belongs - before it is too late and they are locked in for years to a crap system.
"I imagine that Apple Pay/Passbook will eventually work in tandem so you can choose to subscribe to coupon feeds that retailers beam out over the internet (iAds?) or locally via iBeacons. Coupons and store card benefits could all be processed in the same swipe as the transaction. Customers hate carrying around twenty different store cards for discounts so this would provide a much better customer experience."
This is what I don't get. Apple provided a way for MCX and their partners to continue to use their rewards program via tools like iBeacon and developing their own apps. Were they clever, they could make it work in tandem, but separately, with a purchase. That would be innovative.
MCX is missing the point big time. CurrentC as currently designed is neither convenient nor secure.
With all the hacking fraud against credit cards, Apple Pay is big help. When I get my iPhone6 , I am going to cancel existing credit and debit cards, get new ones. Use them via iP6 . Retailers that do not accept them get paid in cash.
Comments
It's only a matter of time. "Current C" is a poorly thought out solution that only benefits retailers. Apple Pay protects and is designed for ease of use with customers in mind.
In the short term the question really boils down to whether customers want the reward points enough to change where they shop, and how much custom the retailers can afford to lose in their effort to avoid credit card fees. We already know the answer to this from the existing credit card system. Many business absorb fees because they can't afford to lose customers.
I imagine that Apple Pay/Passbook will eventually work in tandem so you can choose to subscribe to coupon feeds that retailers beam out over the internet (iAds?) or locally via iBeacons. Coupons and store card benefits could all be processed in the same swipe as the transaction. Customers hate carrying around twenty different store cards for discounts so this would provide a much better customer experience.
It feels like this implementation of Apple Pay is just the first toe in the door. Apple could very well excise the credit card networks from the system at some point in the future with very little difference in the user experience. I don't believe this is the real priority though. The end game is for the cost of iOS hardware to be subsidised by the future purchases made using them. Let that thought sink in for a moment.
Apple could reduce the cost of an iPhone and still avoid the privacy invasion trade-offs of the data aggregation/advertising business model. The answer is to shift the "Apple tax" onto retailers who are already in desperate competition for customers. In a worst case scenario the business charges a card surcharge to cover their fee, but this is still subject to the laws of price competition. In a best case scenario the business absorbs the cost of the transaction. If they can't add a card surcharge (Apple requirement?) they build the cost into the sale price, which means that non-iPhone users would be subsidising the cost of every iOS device.
Was that thunder.... or the sound of a thousand android users' brains snapping in unison?
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! Each "widget" has its pluses and minuses and life cycle. IF your beloved phone doesn't work at all locations you do what most people do and either pull out a debit/credit card or cash. All this pathetic whining like a spoilt children is simply that, the rantings of very childish sniveling teenagers pretending to be "Adults" who think their comments are more important than they really are. In any event, who the heck cares about how you buy things. There are so many more important things to be concerned about. 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
Please seek the assistance of a psychiatrist who enjoys a challenge. It's an internet message board. No need to start yelling at people.
You are the only person on Earth who is okay with being forced into a lack of convenience.
After looking at the comments on Rite Aid and CVS's Facebook pages, I wouldn't be surprised if those NFC terminals get turned back on well before CurrentC comes out. I'm not sure if there is a contractual obligation, but the fact that they were turned on before the other day complicates things. The bad PR is not going to be worth holding out for a competitor that just isn't out yet.
I'm not worried about ApplePay's future because standards almost always come out on top, and NFC is the standard of the future.
Christ, who the hell pissed in your Cheerios? If you don't care, there's the door.
I'm pretty sure we could round up a few volunteers if no one has yet...
Ring up a few hundred in groceries from Walmart - when you're refused, simply say "Sorry, I'll need to go somewhere else" and leave it all at the checkout stand.
Waste some salespersons time on a big sale - when you're refused, simply say "Sorry, I'll need to go somewhere else"
They'll get the idea soon enough what the cost of refusing to honor the "Customer's" choice of payment will cost them :smokey:
http://www.businessinsider.com/walmart-war-against-apple-pay-the-iphone-payments-system-2014-10
Maybe. That is still up for debate.
Well troll, you picked the wrong article to mention. Business Insider has no credibility whatsoever. Do you know who the CEO and Chief Editor of Business Insider is? It’s none other than Henry Blodget, a convicted felon who is banned for life from the stock exchnage. Blodget is serial scam artists who constantly plants negative Apple articles to manipulate for his cronies (he himself is banned from trading stocks).
So your dumb ass attempt to spread FUD about ?Pay fails on all levels. Next time do your homework. It will make you look like less of an asshat troll.
Why be such an asshole to the cashiers who real people and have no control over all this? They are trying to make enough to pay bills.
When you leave all that at the table, they are the ones that have to put it all back and deal with the pissed off customers YOU just left behind you. Making someone's day Crappie, that has nothing to do with this, is not a good way to voice your opinion.
Just don't shop there. Or better yet, do what I did, send a email to them to all the execs you can find.
IBM
Blackberry
Bose
PayPal
When anyone else enters a market no one feels threatened. When Apple enters a new market the big guy is the first to fall. It's always David and Goliath with Apple.
http://www.businessinsider.com/walmart-war-against-apple-pay-the-iphone-payments-system-2014-10
Maybe. That is still up for debate.
Read it again even the writer said Apple Pay has a chance of winning despite the negative tone at the beginning.
Probably the same way someone might feel when some goober is talking their significant other, but if someone attractive, smart, decent, and wealthy starts talking them there may some thoughts that didn't appear when the goober was talking to that person.
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.
Informed and affluent consumers buy based on price. That is why they are informed and affluent. Consumers aren't going to spend more money just to use Apple Pay. If Walmart has the best prices they are going to shop at Walmart.
This is going to be really simple, if Walmart, CVS or anyone else determines this move will hurt their bottom line then it will change, if not then it won't. Taking an extra 15 seconds to swipe your card is not going to deter customers. An enthusiast forum is not an accurate representation of the general public.
You keep falling back to convenience and that isn't the most critical aspect of Apple Pay, security and privacy are. The system is secure enough that the financial institutions are treating Apple Pay as CARD PRESENT transactions. Walmart, CVS and the rest of the retailers tied to MCX aren't thinking of consumers. They are thinking about the amount of data they will be acquiring on consumers that opt in to it. Consumers that are well informed and/or affluent aren't solely motivated by price. They are very conscientious of their privacy and security, more so then most and those that aren't well informed or affluent wouldn't even end up using CurrentC due to the convoluted way it works.
After looking at the comments on Rite Aid and CVS's Facebook pages, I wouldn't be surprised if those NFC terminals get turned back on well before CurrentC comes out. I'm not sure if there is a contractual obligation, but the fact that they were turned on before the other day complicates things. The bad PR is not going to be worth holding out for a competitor that just isn't out yet.
I'm not worried about ApplePay's future because standards almost always come out on top, and NFC is the standard of the future.
I believe if the merchant is a participant with MCX, that merchant must disable NFC terminals.
I think eventually customer complaints/loss of business will force some MCX merchants to re-enable NFC, but it may take a long time. Then the ease of use of ApplePay will become apparent for all to see when used side by side. Let the marketplace decide.
MCX supposedly saves the merchants a few percent (by bypassing credit card fees), but it is unclear if the merchants will pass those savings to the customer (I doubt it).
I believe if the merchant is a participant with MCX, that merchant must disable NFC terminals.
I think eventually customer complaints/loss of business will force some MCX merchants to re-enable NFC, but it may take a long time. Then the ease of use of ApplePay will become apparent for all to see when used side by side. Let the marketplace decide.
MCX supposedly saves the merchants a few percent (by bypassing credit card fees), but it is unclear if the merchants will pass those savings to the customer (I doubt it).
It is true that MCX participating retailers have an exclusivity arrangement and that they can lose a considerable amount of money for breaking that pledge (not to mention losing their 'sign up' fee).
The key point however is that said retailers have an out clause available up to one year from signing the agreement. I hope these retailers will make the right choice and kick CurrentC to the kerb where it belongs - before it is too late and they are locked in for years to a crap system.
This is what I don't get. Apple provided a way for MCX and their partners to continue to use their rewards program via tools like iBeacon and developing their own apps. Were they clever, they could make it work in tandem, but separately, with a purchase. That would be innovative.
MCX is missing the point big time. CurrentC as currently designed is neither convenient nor secure.