Sign up with Google
-
Join the MyBroadband community
Ask a question and get free supportUnlock new privileges and see hidden discussionsWin prizes and earn reputationReduced ads -
Question of the Day: What is the best form of potatoes?
Some major retailers are not keen on supporting Apple Pay
K
kingrob
Guest
And they should not, clever them.
As soon as they allow Apple to control everything, a few years from now they will wish they never did.
As soon as they allow Apple to control everything, a few years from now they will wish they never did.
ToxicBunny
Oi! Leave me out of this...
Ummmm, i think that might be a bit harsh and not based in reality...
Apple Pay itself may not be a great solution, but pushing the NFC payment platform is a much better answer than the CurrentC QR Code solution. If the payment platform requires QR Codes, then I'm personally not interested.
Apple Pay is a great and elegant solution to the payment problem. It's even than Google Wallet with their virtual card.
But you cannot force someone to use anything, if they want to push their own products.
The fun however is how the Apple users are up in arms over this. Like their credit cards or other payment devices just stopped working in the last 2 weeks. fanboys going to fanboy.
If I were Apple and Google I'd just remove the CurrentC app from the app store, if it is possible... How is the system going to work when the vast majority cannot access it.
You don't want to allow my system in your stores, fine, I'll remove your ability to use your own app in your own stores.
You don't want to allow my system in your stores, fine, I'll remove your ability to use your own app in your own stores.
They would get sued for anti-competitive behaviour. These guys just turned off NFC on all their terminals, so it's Google Pay, Apple Pay, PayWave etc all affected.
I understand that they've just turned off NFC, but why is it anti-competitive in one way and not the other way around?
cerebus
Honorary Master
I see the Note4 is selling less than the Note3 after a month. Must be why merc's on the rampage again.
w1z4rd
Karmic Sangoma
Could you give me a link to that, I want to buy a Note4 and have heard good reviews from people who have bought it. Totally want to purchase one if its cheaper than the Note3.
cerebus
Honorary Master
Looney
Executive Member
Lol Apple could just buy CurrentC out and that solves all their problems haha
ToxicBunny
Oi! Leave me out of this...
Might do to actually investigate the company behind CurrentC.... Doubt that Apple COULD buy them out...
d0b33
Honorary Master
They're against NFC, this includes Apple pay. Their payment system is not as secure and open as NFC. Android and Apple users are joining in defiance on reddit.
ToxicBunny
Oi! Leave me out of this...
TBH, I don't really think the Android and Apple users need to join in defiance...
From my own personal point of view, any payment platform that relies on QR Codes is doomed to failure from the start... its too much of an inconvenience to actually catch on in enough scale.
AfricanTech
Honorary Master
Rearguard action - doomed to eventual failure imo
d0b33
Honorary Master
You're underestimating Wallmart, they're a succesful abomination.
ToxicBunny
Oi! Leave me out of this...
I've played with a few of the QR Code systems...
For me at least, no matter how big the retailer is, the hurdles that the QR Code system adds to the payment process is enough to be a major hindrance to its mass adoption... esp with normal cards getting "NFC" like capabilities for small purchases, and NFC seemingly taking off in a big way in Europe...
MagicDude4Eva
Banned
I think everyone is underestimating the power of participants in the MCX group - across all those retailers they have a footprint of close to 120,000 stores across the US and move over 1 trillion (!) USD per year in payments.
CurrentC will just take off, as it is not focused on the hippie iPhones, but the real, average user - the guy who can not afford a bleeding edge NFC or Bluetooth LE phone. CurrentC does the most primitive token-exchange in form of a QR code which in itself is supported across any device being able to display graphics and having a camera and QR-codes, although "outdated", can transmit a ton of data for the token exchange for the payment.
In the end consumers will benefit, as Visa/Mastercard and Amex will be forced into lowering card-transaction fees (think about those 1-2% those retailers do not have to pay in merchant fees). Aside from that, as far as I understand, the underlying clearing functionality of MCX is similar to EFT, but real-time and as such fraudulent transactions should be a thing of the past, as card details would not travel across the wire anymore. So it's like a one-time-pin for a payment with a limited life-span.
On a somewhat funny side note: Mike Cook (VP Walmart) spearheads the MCX initiative and insiders call it now already the Mike Cook Exchange
It will be very tough for Google or Apple to break into this market as the retailer have now decided to take wallet payments over themselves, which has many incentives (especially when it comes to loyalty programmes or cross selling). I do think it is very questionable that retailers are now "inventing" a payment platform as payments is really just a means to an end and I am pretty certain that all sorts of privacy will be violated in the form of how data is harvested and utilised to target customers better (think about the movie 'Minority Report').
CurrentC will just take off, as it is not focused on the hippie iPhones, but the real, average user - the guy who can not afford a bleeding edge NFC or Bluetooth LE phone. CurrentC does the most primitive token-exchange in form of a QR code which in itself is supported across any device being able to display graphics and having a camera and QR-codes, although "outdated", can transmit a ton of data for the token exchange for the payment.
In the end consumers will benefit, as Visa/Mastercard and Amex will be forced into lowering card-transaction fees (think about those 1-2% those retailers do not have to pay in merchant fees). Aside from that, as far as I understand, the underlying clearing functionality of MCX is similar to EFT, but real-time and as such fraudulent transactions should be a thing of the past, as card details would not travel across the wire anymore. So it's like a one-time-pin for a payment with a limited life-span.
On a somewhat funny side note: Mike Cook (VP Walmart) spearheads the MCX initiative and insiders call it now already the Mike Cook Exchange
It will be very tough for Google or Apple to break into this market as the retailer have now decided to take wallet payments over themselves, which has many incentives (especially when it comes to loyalty programmes or cross selling). I do think it is very questionable that retailers are now "inventing" a payment platform as payments is really just a means to an end and I am pretty certain that all sorts of privacy will be violated in the form of how data is harvested and utilised to target customers better (think about the movie 'Minority Report').
w1z4rd
Karmic Sangoma
Oh, I thought you had an actual place in our country where that was true and I could get the Note 4 for cheaper
Tabloids dont sell phones I just checked a couple of local retail outlets and the Note4 is still more expensive than the Note3 Perhaps I should send them that article
cerebus
Honorary Master
A real, average broke user who needs to have a phone that can handle QR codes, and be sufficiently technologically adept to figure out how to use the system? Give it a rest. That user is going to end up using old fashioned credit card swiping.