"Walmart says MCX has consumers' 'best interests in mind' by not accepting Apple Pay"
I can't believe someone with any intelligence would say that. That is like saying YES and NO at the same time.
It is NOT in my best interest to hand over my bank account information to them, stored in a cloud that could be hacked. It is IN my interest to use Apple Pay to prevent my credit card info from being hacked. Since I am waiting a new credit card because of one of the recent hacks, this really hits home. No more shopping with MCX retailers. I'm outta there.
The guy who wrote that article (sure hope it wasn't you, with your very first post, hmmm) is so clueless it's not funny. How the hell did he get a job in journalism?!
There's no "war with walmart", there's a push to do something beneficial for the consumer. For the consumer, ?pay is:
- safer
- faster
- more private
Who gives a shit what walmart wants, besides walmart??
At the end of the day, walmart isn't the final arbiter of where this will end up, consumers are. walmart execs aren't completely stupid (even though it might look that way at the moment), they'll hear from their customer base whether they're willing to link up their bank accounts or whether they want to use something like ?pay, and they will adjust as they see fit. It the loss of business is less than the amount they'll save in not paying credit card fees, then they'll stick to their plan, if it's the other way around, they'll back down. Either way, consumers will ultimately rule.
Something else to consider: every company has its own type of clientele. It's possible that walmart customers just aren't that bright, and will suck up walmart's plan, while other chains, with more educated and affluent clientele will demand something like ?pay.
LOL. Certainly wasn't me who wrote the article. You make valid points. As I noted, I doubt if I would ever use either system, although we'll just have to see what shakes out. Competition is a good thing and I suspect this is two behemoths jockeying for position and a better deal. I think the author has a good point when he suggests that companies want to collect as much information as possible from consumers, hence their interest in CurrentC. From the consumers' POV that's a negative and a plus for the Pay side.
Ok first off Walmart is a shitty company and the way I see is if anyone has the consumer in mind should go for the more secure, faster and newest trend in mobile payments and the fact that Walmart wants to use QR codes for consumers tells you they don't treat there employees well and don't care for there customers with that said cvs and rite aid have mad a big mistake but doing the same thing by being convinced by a company who only wants the money not the consumers interest at all, plain and simple!
Comments
I can't believe someone with any intelligence would say that. That is like saying YES and NO at the same time.
It is NOT in my best interest to hand over my bank account information to them, stored in a cloud that could be hacked. It is IN my interest to use Apple Pay to prevent my credit card info from being hacked. Since I am waiting a new credit card because of one of the recent hacks, this really hits home.
No more shopping with MCX retailers. I'm outta there.
Because they get nothing from it. I have no intention of using either system, but if Apple wants to get the world's largest retailer on board, it will have to offer something in return. http://article.wn.com/view/2014/10/28/Apple_Made_A_Really_Strange_Move_To_Trigger_Its_War_With_Wal/
The guy who wrote that article (sure hope it wasn't you, with your very first post, hmmm) is so clueless it's not funny. How the hell did he get a job in journalism?!
There's no "war with walmart", there's a push to do something beneficial for the consumer. For the consumer, ?pay is:
- safer
- faster
- more private
Who gives a shit what walmart wants, besides walmart??
At the end of the day, walmart isn't the final arbiter of where this will end up, consumers are. walmart execs aren't completely stupid (even though it might look that way at the moment), they'll hear from their customer base whether they're willing to link up their bank accounts or whether they want to use something like ?pay, and they will adjust as they see fit. It the loss of business is less than the amount they'll save in not paying credit card fees, then they'll stick to their plan, if it's the other way around, they'll back down. Either way, consumers will ultimately rule.
Something else to consider: every company has its own type of clientele. It's possible that walmart customers just aren't that bright, and will suck up walmart's plan, while other chains, with more educated and affluent clientele will demand something like ?pay.
LOL. Certainly wasn't me who wrote the article. You make valid points. As I noted, I doubt if I would ever use either system, although we'll just have to see what shakes out. Competition is a good thing and I suspect this is two behemoths jockeying for position and a better deal. I think the author has a good point when he suggests that companies want to collect as much information as possible from consumers, hence their interest in CurrentC. From the consumers' POV that's a negative and a plus for the Pay side.