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Started By
Message
More and more retailers are starting to disable the NFC readers in their stores.
Posted on 10/25/14 at 1:12 pm
Posted on 10/25/14 at 1:12 pm
It seems that Google and Apple are the only entities championing NFC based payments. Major retailers have formed a consortium backing MCX's CurrentC payment system, which requires users to download an app to have scanned at the time of the transaction. It's also far less secure. Yet, additional retailers have come out in support of CurrentC, as Rite Aid has recently disabled the NFC readers in their stores.
It's going to be interesting to see how this plays out.
LINK
It's going to be interesting to see how this plays out.
quote:
Following Apple's announcement last month, both Wal-Mart and Best Buy confirmed to The Wall Street Journal that customers would not be able to use the system in their stores. Earlier this week, a leaked internal memo from Rite Aid revealed that the drug store chain was modifying or disabling its NFC readers, preventing access to Apple Pay (and other systems, like Google Wallet and wireless carrier-backed SoftCard, which also depend on the contact-less technology).
quote:
The notion of a widespread payment system controlled by retailers and free of credit card processing fees is very appealing to merchants. It should come as no surprise, then, that, in addition to Wal-Mart, the largest retailer in the world, CurrentC's partners include Gap, Old Navy, 7-Eleven, Kohls, Lowes, Dunkin' Donuts, Sam's Club, Sears, Kmart, Bed, Bath & Beyond, Banana Republic, Stop & Shop, and Wendy's — as well nearly all the major US gas station chains — among its ranks.
LINK
5
Posted on 10/25/14 at 4:32 pm to Cs
quote:
It's going to be interesting to see how this plays out.
People will want to use the default technology on their phone. This is a losing battle and they'll eventually be forced to come around as people choose competitors that make it easier for consumers to buy from them.
Posted on 10/25/14 at 4:45 pm to TigerinATL
quote:
People will want to use the default technology on their phone.
CurrentC is just an app, so for all iPhones older than 6, this is the default technology. I think the purchasing process will be similarly easy.
What I don't like about CurrentC is it just links to your bank account. Seems like one less layer of buyer protection to me, just so these retailers can avoid credit card fees, which they surely already build into the prices of their goods.
Posted on 10/25/14 at 6:38 pm to Cs
shite like this is going to force the government to regulate. 
I was wondering why my google wallet didn't work at rite aid the other day. CVS is doing the same.
I was wondering why my google wallet didn't work at rite aid the other day. CVS is doing the same.
Posted on 10/25/14 at 7:12 pm to Korkstand
quote:
the default technology
I meant default as in already built in, no need to download a separate app and set up an account. Apple Pay just comes up when appropriate
quote:
Now paying in stores happens in one natural motion — there’s no need to open an app or even wake your display thanks to the innovative Near Field Communication antenna in iPhone 6. To pay, just hold your iPhone near the contactless reader with your finger on Touch ID. You don’t even have to look at the screen to know your payment information was successfully sent. A subtle vibration and beep let you know.
LINK /
You also just take pictures of your credit card to add new cards and adding the card already tied to your Apple account just takes entering the security code on the card. I've never used CurrentC, but I imagine there's more set up involved with it. I also can't find any info on how the app works, but I assume you'd have to open it up, again Apple Pay just comes up. I would assume Google Wallet is similarly integrated like Apple Pay.
Posted on 10/26/14 at 9:10 am to Cs
Apple's gonna win.
They always do.
ETA: Some retailers are trying to form a consortium.
There's just way too many retailers to effectively band together. Financial institutions and Credit Card companies are all behind ApplePay .
It's far easier for them to band together. They basically already have. The handwriting is already on the wall.
They always do.
ETA: Some retailers are trying to form a consortium.
There's just way too many retailers to effectively band together. Financial institutions and Credit Card companies are all behind ApplePay .
It's far easier for them to band together. They basically already have. The handwriting is already on the wall.
This post was edited on 10/26/14 at 9:16 am
Posted on 10/26/14 at 9:18 am to TigerGman
quote:
Apple's gonna win.
They always do.
This. Not worried one bit.
Posted on 10/26/14 at 9:40 am to Coppertone
so my Blackberry has NFC. I've never really tried to use it. Does that mean I should try to use it now or is it blocked?
Posted on 10/26/14 at 2:20 pm to TigerinATL
quote:
The issue appears to be a conflict between Apple Pay and a mobile payment system called CurrentC that is being developed by a retailer-owned mobile technology outfit called Merchant Customer Exchange (MCX). Unlike Apple Pay, CurrentC does not use an NFC chip, but instead generates a QR code that is displayed on the merchant's checkout terminal. Customers who have already linked their bank accounts to the CurrentC system scan the QR code from the terminal and the transaction is completed.
LINK /
CVS has jumped on board too, and I get why, they basically don't want another company (Apple/Google) setting up another transaction tax. But QR code scanning by the customer? This is doomed to fail. It will never even be in the same ball park of easy as NFC tap to pay.
Posted on 10/26/14 at 8:36 pm to Korkstand
quote:
I think the purchasing process will be similarly easy.
quote:
With CurrentC, you’ll have to unlock your phone, launch their app, point your camera at a QR code, and wait. With Apple Pay, you just take out your phone and put your thumb on the Touch ID sensor.
Posted on 10/26/14 at 8:41 pm to TigerinATL
quote:
CVS has jumped on board too, and I get why, they basically don't want another company (Apple/Google) setting up another transaction tax
I know with Apple Pay there is no client side transaction tax. Apple takes a tiny slice of what the bank already gets. CVS and Rite Aid want the customer information that goes with the sale through Current C and other "rewards programs". Apple Pay doesn't give it to them.
This is from the Wikipedia page:
quote:
Customers will be required to share their bank account details and 'health information' with MCX and their partners. Also, unlike credit card transactions, customers will assume liability for any fraud that may occur on their accounts.
ETA: it would be really funny if Apple didn't allow the CurrentC app in the App Store.
This post was edited on 10/26/14 at 10:09 pm
Posted on 10/26/14 at 10:25 pm to colorchangintiger
fricking ridiculous... It's not costing the retailers any more in transaction fees. I'll never use the app they are pushing, sounds like more trouble than it's worth and takes out the added middle man security (CC Company). I'll continue to pull out my CC and swipe, they can continue paying the fees.
Posted on 10/27/14 at 7:30 am to Lsut81
I will never use that app as well. I've used Apple Pay a handful of times so far and it was a delightful experience.
The vending machine at my office takes Apple Pay.
The vending machine at my office takes Apple Pay.
Posted on 10/27/14 at 9:05 am to Coppertone
quote:
used Apple Pay a handful of times so far and it was a delightful experience.
did you just use the term 'delightful'?
Posted on 10/27/14 at 9:25 am to CAD703X
quote:
did you just use the term 'delightful'?
There is no other word to describe this:
Posted on 10/27/14 at 9:40 am to colorchangintiger
Posted on 10/27/14 at 9:48 am to CAD703X
quote:
did you just use the term 'delightful'?
I did. I can almost write a column in a newspaper.
Posted on 10/27/14 at 9:55 am to CAD703X
When I don't have to pull my wallet out, slide a card, answer the question "credit or debit", while also selecting "debit" on the pad, push the "no" button that I don't want cash back, push the "yes" button that $2.50 is the correct amount, wait for a receipt, etc.
Yes, that is very delightful.
Yes, that is very delightful.
Posted on 10/27/14 at 10:05 am to Coppertone
quote:
Yes, that is very delightful.
welcome to 2011. are you just now noticing the NFC logo on cc scanners?
now try to repeat this process at walmart, bestbuy, walgreens, CVS, riteaid, to buy gas, etc.
i think what you're actually reaching for is 'wow i can tap my phone to buy a starbucks coffee..too bad i cant really use this any place useful'
This post was edited on 10/27/14 at 10:07 am
Posted on 10/27/14 at 10:14 am to CAD703X
quote:
welcome to 2011. are you just now noticing the NFC logo on cc scanners?
NFC is only part of the story. Apple Pay really is the easiest and most secure way to pay currently.
quote:
now try to repeat this process at walmart, bestbuy, walgreens, CVS, riteaid, etc.
Walgreens is onboard with Apple Pay.
quote:
'wow i can tap my phone to buy a starbucks coffee..too bad i cant really use this any place useful'
You really are sour grapes.
I guess Chevron, McDonald's, Macy's, Office Depot, Toys R Us, Texaco, Whole Foods, Panera, Staples, Urban Outfitters, Uber, Lyft, and any other place that has NFC and isn't apart of MCX aren't really any place useful.
This post was edited on 10/27/14 at 10:17 am
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