Every time I see MCX, I read it as MXC. I don't think there's that much difference, it appears Vic Romano and Kenny Blankenship are still running the show.
Wish they could revive the show and put Dekkers on there. Hilarity !!!
Unless that liability question gets answered soon, MCX is dead in the water. The very people who would jump through the hoops to get a lower cost, if indeed there was any to the customer, are the same kind that don't buy or use smart phones (Seniors and those on benefit programs.)
Like the more we all talk about it, the more it looks like Apple Pay is the best solution, and has completely eaten Google Wallet and Softcard's lunch, and it's only been running for less than 2 weeks. If Android wants to jump back into the game Google (Wallet) may need to strongarm it's hardware vendors to put the same NFC/Secure Element system into their devices as standard so that it is feature parity with Apple Pay.
Unless that liability question gets answered soon, MCX is dead in the water. The very people who would jump through the hoops to get a lower cost, if indeed there was any to the customer, are the same kind that don't buy or use smart phones (Seniors and those on benefit programs.)
Like the more we all talk about it, the more it looks like Apple Pay is the best solution, and has completely eaten Google Wallet and Softcard's lunch, and it's only been running for less than 2 weeks. If Android wants to jump back into the game Google (Wallet) may need to strongarm it's hardware vendors to put the same NFC/Secure Element system into their devices as standard so that it is feature parity with Apple Pay.
Apple did a great job with apple pay. I see this taking off real well. I like that it also works on all funtioning NFC Station. I know i have only use it for about 2 weeks and i used it less than 20 times, but i dont see a better system to make payments easier and safer.
Ps: paypal stop offering me your card i dont want it or your pay me later rrrg
there you go. This topic is a little slow in AI.
Sure, MCX expected the hacks...lol. I don't care whatever he said. I don't want my financial information with SSN and DL number stored on their Cloud. QR Code?, the last thing I want for mobile payments because the sequence of activities associated with it...what's it different from current Starbucks app? None.
Well, the Starbucks app detects when you're near a Starbucks store, and automatically loads itself into Passbook so you don't even have to unlock your phone to use it.
Well, the Starbucks app detects when you're near a Starbucks store, and automatically loads itself into Passbook so you don't even have to unlock your phone to use it.
Apple has some work cut out for themselves to make ApplePay work. Only a handful of banks support ApplePay now. The ability to use ApplePay everywhere will require all banks to get on board. None of the banks I have credit or debit cards with are accepted.
MCX might actually beat Apple in the marketplace because they don't need banks to get on board. Even though MCX and the companies that support it want to avoid CC fees, they certainly don't have to. They seem to be saying they will accept CC cards.
and that's a beauty of using CC, right? especially if you know your CC closing date, you can charge more right after that day and get maximum grace period like up to 60 days...hell yeah, someone loans you money without interest for 60 days, why not take it, right?
Wrong, whatever one borrows needs to be paid back. I believe the interest rate is not cheap when one is not able to.
Cash is still the best way to go unless it is not accepted like internet purchases.
There are no fines, but (read between the lines) there is an exclusivity clause in member contracts. That is how I read the original TechCrunch report.
Data stored on "secure" cloud vs individual, encrypted, user remote wipeable device.
Aka losses would millions of bank accounts vs an unlikely one in the event of an attack.
I don't think he thought this one through... either that or this guy has and is worse than Eric Schmidt.
That's Apple too. They have 800M credit cards in their "cloud". ApplePay only protects CC transactions at the point of transaction. Only hacking per transaction is protected. ApplePay doesn't do anything to protect against hacking of the cloud databases which hold CC and other information.
Comments
Every time I see MCX, I read it as MXC. I don't think there's that much difference, it appears Vic Romano and Kenny Blankenship are still running the show.
Wish they could revive the show and put Dekkers on there. Hilarity !!!
I've already notified CVS that I will now drive two blocks further to the closest Walgreens. Boycotting works two ways.
If not, who's phone will they use to collect payments?
How is "Dekker Davidson" not a porn name?
I dunno. Sounds more like a B-movie sci-fi actor name or maybe a Nascar driver.
But I will redouble my porn-watching efforts in an effort to ascertain if your comment is well placed.
Zip. MCX is not a bank, it's not FDIC covered, it's in a worse situation than PayPal would be if it was Paypal offering the service. (FYI Paypal offers credit cards in the US, nowhere else https://www.paypal.com/us/webapps/mpp/paypal-extras-reward-program .)
Unless that liability question gets answered soon, MCX is dead in the water. The very people who would jump through the hoops to get a lower cost, if indeed there was any to the customer, are the same kind that don't buy or use smart phones (Seniors and those on benefit programs.)
Like the more we all talk about it, the more it looks like Apple Pay is the best solution, and has completely eaten Google Wallet and Softcard's lunch, and it's only been running for less than 2 weeks. If Android wants to jump back into the game Google (Wallet) may need to strongarm it's hardware vendors to put the same NFC/Secure Element system into their devices as standard so that it is feature parity with Apple Pay.
Apple did a great job with apple pay. I see this taking off real well. I like that it also works on all funtioning NFC Station. I know i have only use it for about 2 weeks and i used it less than 20 times, but i dont see a better system to make payments easier and safer.
Ps: paypal stop offering me your card i dont want it or your pay me later rrrg
Well, the Starbucks app detects when you're near a Starbucks store, and automatically loads itself into Passbook so you don't even have to unlock your phone to use it.
sometimes....
Apple has some work cut out for themselves to make ApplePay work. Only a handful of banks support ApplePay now. The ability to use ApplePay everywhere will require all banks to get on board. None of the banks I have credit or debit cards with are accepted.
MCX might actually beat Apple in the marketplace because they don't need banks to get on board. Even though MCX and the companies that support it want to avoid CC fees, they certainly don't have to. They seem to be saying they will accept CC cards.
and that's a beauty of using CC, right? especially if you know your CC closing date, you can charge more right after that day and get maximum grace period like up to 60 days...hell yeah, someone loans you money without interest for 60 days, why not take it, right?
Wrong, whatever one borrows needs to be paid back. I believe the interest rate is not cheap when one is not able to.
Cash is still the best way to go unless it is not accepted like internet purchases.
heh
Aka losses would millions of bank accounts vs an unlikely one in the event of an attack.
I don't think he thought this one through... either that or this guy has and is worse than Eric Schmidt.
Perhaps as Guy LeDouche?
Perfect. "Get it on."
Data stored on "secure" cloud vs individual, encrypted, user remote wipeable device.
Aka losses would millions of bank accounts vs an unlikely one in the event of an attack.
I don't think he thought this one through... either that or this guy has and is worse than Eric Schmidt.
That's Apple too. They have 800M credit cards in their "cloud". ApplePay only protects CC transactions at the point of transaction. Only hacking per transaction is protected. ApplePay doesn't do anything to protect against hacking of the cloud databases which hold CC and other information.
[IMG ALT=""]http://forums.appleinsider.com/content/type/61/id/51662/width/500/height/1000[/IMG]
[image courtesy of 9to5]
Need to keep in mind that these retailers joined this group because THEY and their data collection practices are threatened by Apple Pay.