MCX merchants restricted to CurrentC payment system, using Apple Pay incurs fines

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Comments

  • Reply 121 of 163
    b9botb9bot Posts: 238member

    MCX is not a competitor, it has already lost. QR codes? Personal bank account information, your social security number is also required. 

    No thanks. Your technology is garbage and you already lost to Apple Pay where none of this private and highly confidential information is needed.

    And Apple Pay is backed by all the banks that also know it is really secure.

  • Reply 122 of 163
    <p>Walmart did not realize we consumers value security and privacy above price.</p>
    So many consumers prefer price above everything regardless of what they say. That's why "mom and pop" shops shut down as they can't compete on price to the big concerns.
  • Reply 123 of 163
    So,

    MCX partners are blocking Apple Pay (and Google Wallet) because they are competitors of their new mobile payment system. Ironically, they are depending on the same two companies to make their new application available to the masses via IOS and Android.

    I wonder if their app would be prone to the infamous "app download failed to initialized error" from the App Store or Google Play on the regular?

    Payback is a MOFO.
  • Reply 124 of 163
    Quote:

    Originally Posted by CustomTB View Post





    Great point. Hadn't considered it was against apple tos



    I think the issue is that Apple is not offering a different payment option... the issuing banks that are partnering with Apple are the competitors to MCX.   This is the opposite of Apple suing Samsung instead of Google about Android features.  Apple is providing a technology that the banks are choosing to use.   

     

    This is more like Amex vs Visa.  Not TouchID vs a sharp stick in the eye (as much as the latter is more appropriate).

     

    What galls me is that CVS already has their loyalty rewards card (and they know me well...  Caremark is my PBM, and every time I come in to refill my allergy meds, they get my loyalty card (and my Rx card, and my HSA card, and my credit card for non med stuff).

     

    What I want is a 'payment' system, and a 'loyalty ID' system.  The most logical way is a Universal passbook Barcode screen on my phone (i'll be getting it out to pay anyway).  If you must, allow for a single plastic (or paper printout you can tape to something) barcode for all vendors.

    This is good for many reasons

    - Separates payment ID from Loyalty ID.  I don't want my address and telephone number (well it's the addr and phone number of the switchboard of my first employer;-) given to my merchants, and I purposely use the less intellectual spelling of my name (Jeffer y, which actually is easier for them to phonetically pronounce my name)  to identify the list sellers

    - Allows me to pay cash still if I want (which I do a lot to anonymize)

    - Gets that keyring of barcodes I have out of my pocket and onto my phone.

    - allows for cross sell/up sell between stores. (same ID, they can share info if they want...  Buy a case of Beer and get take-out Pizza discounts!!!!;-)

  • Reply 125 of 163
    tommcintommcin Posts: 108member
    Expect the hackers are already designing ways to rip off MCX customers. When it first comes out, it will likely have more holes than a sieve. A few law suits from ripped off customers should make the MCX community pay attention.
  • Reply 126 of 163
    Quote:

    Originally Posted by lkrupp View Post

     



    You are missing the point. CurrentC does NOT ALLOW credit or debit cards to be used. It’s not about convenience, security or anything else. It’s ALL about avoiding card transaction fees. Do you want your checking account number and bank routing code stored in this app? 




    err..  that info is given to every recipient of a check.   Has been for almost for over 60 years.

  • Reply 127 of 163
    muppetrymuppetry Posts: 3,331member
    lkrupp wrote: »
     


    You are missing the point. CurrentC does NOT ALLOW credit or debit cards to be used. It’s not about convenience, security or anything else. It’s ALL about avoiding card transaction fees. Do you want your checking account number and bank routing code stored in this app? 


    err..  that info is given to every recipient of a check.   Has been for almost for over 60 years.

    That's true, but this system appears to go well beyond just bank details in terms of stored PII, and also has authority to debit the bank account, whIch, in theory at least, one cannot do just by knowing the account and routing numbers.

    It really is quite remarkable that the consortium would regard this as a viable payment system in today's privacy and security climate.
  • Reply 128 of 163
    If I could get of the merchants that refuse to use Apple Pay, I would make sure that I don't shop there.
  • Reply 129 of 163
    Quote:

    Originally Posted by John.B View Post

     

    When stores

     

    To pay with a credit card, you'll have to carry a Walmart store credit card.  At that point they will no longer accept bank cards.  Likewise for Best Buy, Target, etc.




    It will be interesting to see WalMart's sales for the quarter when they stop taking credit cards. Very interesting.

  • Reply 130 of 163
    Quote:

    Originally Posted by lkrupp View Post

     

    You are missing the point. CurrentC does NOT ALLOW credit or debit cards to be used. 


    I believe you can use a debit card. It's just credit cards that are excluded AFAIK.

  • Reply 131 of 163
    Quote:

    Originally Posted by Stashman View Post





    ...and what is your credit score?



    i confess i don't know my own score. A few years ago my wife obtained a mortgage, which is already paid off to purchase a property, and, she needed to do some stuff to get her credit score improved - took a few weeks but she was able to do that.

  • Reply 132 of 163
    thttht Posts: 4,344member
    Quote:

    Originally Posted by John.B View Post

     

    You want Eric Holder and the DoJ to sue Apple again?




    You definitely wind +1 Internets from me today! LOL.

     

    The DOJ and the Courts are fickle beasts. 

  • Reply 133 of 163
    Quote:

    Originally Posted by Blah64 View Post

     

     

    You might think you have fraud protection, but it's at the whim of your issuer.  Credit card fraud protection is guaranteed by federal law.  Debit card protection is only in place by contract, and the terms of those contracts can typically change at any time.  I also believe that not all debit cards even provide contractual protection, in which case you would be totally liable for every dollar spent -- in other words, if you were foolish enough to keep $100k in your checking account and it was stolen, too bad, you lost every dollar.  In any case, don't let the banks fool you, CC protection is much stronger than debit.  

     

    If this has changed recently, I'll stand corrected, but that's what I learned after researching some time back. 




    it seems like a very good and thorough protection. I keep only about half that amount in the current account used by the debit cards - but did you mention 100k because of FDIC limits, since thats now $250k per account type per customer.

     

    Receive built-in fraud protection

     

    Your PNC Bank Visa Debit Card comes with proactive fraud monitoring through PNC Security Assurance with Zero Liability Fraud Protection.[1] If your card or card number is ever lost or stolen, your money will be replaced if you notify us promptly of unauthorized use. Learn more about PNC’s suite of fraud prevention, detection and resolution services at PNC Security Assurance.

     



    Protect your purchases

    With Purchase Security[2], your purchases can be automatically protected from loss, theft, damage, or fire when you use your Business Debit Card.  And Extended Protection doubles the manufacturer's warranty up to one year.

  • Reply 134 of 163
    mike1mike1 Posts: 2,948member
    Quote:

    Originally Posted by RonMG View Post



    So how can Target be an MCX merchant and still support Apple Pay?!?!?



    Only through the web site, not in store.

  • Reply 135 of 163
    solipsismxsolipsismx Posts: 19,566member
    genovelle wrote: »

    Not according to Amazon supporters who seemed to think publishers illegally colluded to develop a better model for their emerging ebook industry. 

    frac wrote: »
    Funny that. The DOJ wasn't impressed when Apple organised the ebook publishers and that had no 'punishment' clause built in.:\

    *Edit. Melgros and others beat me to it.


    So you think the DOJ should go after MCX because they went after Apple? Tit for tat? How about they do nothing in both cases instead of wasting tax payer resources when the customer will clearly decide in both these cases without government intervention. If anyone needs to be investigated it's Amazon, not Apple.
  • Reply 136 of 163
    mike1mike1 Posts: 2,948member

    "Apple Pay, on the other hand, is anonymized, designed to work seamlessly with compatible POS terminals and does not share customer purchasing metrics with retailers. Facilitated through NFC technology, iPhones users can simply take out their handset and authenticate a purchase via Touch ID. On the backend, a secure NFC module monitors for nearby terminals and sends over tokenized payment data from a secure hardware element without need for additional user interaction."

     

    or

     

    "MCX is on the brink of rolling out its own mobile payments competitor in 2015 called CurrentC, an app-based solution in development since 2012. CurrentC generates unique QR codes upon checkout, requiring users present their smartphone to a cashier. Alternatively, the point-of-sale terminal may also generate a code to be scanned by the customer."

     

    Hmmm. Which method sounds easier at check out and more consumer friendly?

  • Reply 137 of 163
    banchobancho Posts: 1,517member
    Quote:
    Originally Posted by TomMcIn View Post



    Expect the hackers are already designing ways to rip off MCX customers. When it first comes out, it will likely have more holes than a sieve. A few law suits from ripped off customers should make the MCX community pay attention.

    http://www.cnbc.com/id/102132750?trknav=homestack:topnews:1

     

    Yup

  • Reply 138 of 163
    Sounds like a socialist government program... If something is so great, there should be no reason to make it mandatory?
  • Reply 139 of 163
    Not all contracts are legal. I think this is worth investigating. This is the first petition I've signed in many years.
  • Reply 140 of 163
    I don't understand why retailers such as Best Buy, Target, Walmart, CVS, Publix and host of others would agree to such a thing. I want to protect my privacy and credit card info and be able to use it in a safe transaction. Instead they stop that choice for me as a consumer, and they want access to my bank account. I don't think so. I quit shopping these places.
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