EVM vs NFC

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Yoshiofthewire
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EVM vs NFC

Postby Yoshiofthewire » Fri Aug 15, 2014 4:20 pm

So, back when NFC was a thing I had multiple cards with NFC.
With the role out of EVM is NFC dead?

Google Wallet at least has a card.
ISIS Wallet is a slow march to oblivion.
That will teach the cell phone companies. (not really)
[size=60]
American Express PRG - NPSL ('10) - NONE - Replace with BCE in 2015
US Airways barclaycard - $20,000 ('14) - Catch All - PC to Arrival in 2016
BankAmericard | Cash Rewards - $8,200 ('99) - Gas, Groceries
Discover It - $8,700 ('14) - 5% categories, ShopDiscover
[/size]


trumpet-205
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Postby trumpet-205 » Sat Aug 16, 2014 2:14 am

It's EMV.

And EMV has nothing to do with NFC. Google Wallet debit card is there to compete against PayPal debit card. The card itself has nothing to do with NFC.

As for ISIS, they partnered up with AMEX Serve to allow Serve to be linked up to ISIS (so you can either use NFC to complete checkout or use the Serve card to swipe).

NFC is picking up momentum, just not your typical payWave, paypass, Google Wallet, ISIS, etc. Major retailers are backing their own version of NFC, the MCX.

Then there is Loop, which instead of RFID signal it uses smartphone add-on to generate a magnetic field to trick card reader into thinking a card was swiped. Loop works on any credit card terminal.

Overall, NFC is far from being dead. The competition is heating up.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

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Yoshiofthewire
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Postby Yoshiofthewire » Sat Aug 16, 2014 4:04 am

Well, what I am saying is that Chip and Signature cards are going to kill payWave,and paypass.
Where I live only 4 stores ever picked up Contactless readers. Of those 2 were bribed by a credit card processor (Regal Cinema and Wawa). They have since killed the branded cards and ripped out the readers. Bestbuy just turned off the readers off.
I don't see most stores supporting both Chip and Contactless.
And I doubt that we are getting cards with both Chip and Contactless.

And when the store gets stuck with loss for not supporting Chip...
[size=60]

American Express PRG - NPSL ('10) - NONE - Replace with BCE in 2015

US Airways barclaycard - $20,000 ('14) - Catch All - PC to Arrival in 2016

BankAmericard | Cash Rewards - $8,200 ('99) - Gas, Groceries

Discover It - $8,700 ('14) - 5% categories, ShopDiscover

[/size]

trumpet-205
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Posts: 221
Joined: Sat Oct 23, 2010 1:51 pm
Location: CA, USA

Postby trumpet-205 » Sat Aug 16, 2014 6:31 pm

Yoshiofthewire wrote:Well, what I am saying is that Chip and Signature cards are going to kill payWave,and paypass.


Again chip has nothing to do with contactless payment. Chip is not going to kill NFC because they have nothing to do with each other.

Yoshiofthewire wrote:Where I live only 4 stores ever picked up Contactless readers.


Businesses have number of terminals that can be purchased from the processor. Naturally ones that can accept contactless payment are priced higher. Processor may also charge extra to process them.

Yoshiofthewire wrote: Bestbuy just turned off the readers off.


Did you not read what I posted above? Major retailers are backing their own version of contactless payment, MCX. MCX is an upcoming unified mobile account that is linked to checking account. The purpose behind MCX is to discourage the use of debit/credit card to begin with.

Yoshiofthewire wrote:And I doubt that we are getting cards with both Chip and Contactless.


I can think of couple US CCs that have both. HSBC is issuing EMV + PayPass on all of their MasterCard upon request. US Bank also issues EMV + payWave on their Flexperk Travel Visa. Citi still issues paypass tag on all of their MC, EMV or not. Many local credit union issue cards that have both.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)



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