Apple Pay

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darkguy2
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Postby darkguy2 » Sun Oct 26, 2014 9:31 am

lobbythis wrote:Drug stores drop Apple Pay and Google Wallet to push their own payment tech

http://www.engadget.com/2014/10/25/drug-stores-drop-nfc-payments/


Wow. I am pretty sure this is not going to work out for them. They are going up against both Apple and Google. And the thing that these two have is the hardware. I sure don't want to have multiple wallets on my phone and anything that is not embedded into the OS and hardware will not be as easy to use. In the end they will fail and be forced to accept other mobile wallets. They are way too late to the party.
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Postby Sevenfeet » Mon Oct 27, 2014 11:10 am

This has become a pretty big brouhaha in the last few days. CVS and Rite Aid actually disabled the NFC features on their POS machines because, guess what, they actually worked with Apple Pay. Apple Pay's secret was that it relied on implementing changes to the authentication infrastructure with the credit card companies and the banks, not the merchants. All the merchants needed was a working NFC terminal, which is the standard for all new EMV terminals being deployed all over the country.

Merchants led by Walmart also recognize that this new technology is a potential disruption event to get more leverage with the credit cards companies, which led to CurrentC being developed 3 years ago and is in active beta test now. The problem is that Apple Pay is line right now. Google Wallet has been available for a lot longer, but few people are using it. Rite Aid and CVS had to disable the entire NFC apparatus because they cannot discern between an Apple iPhone versus any other WavePass technology device (including some credit cards).

Some people think that the merchants have the upper hand since they control the point of sale, but I think it's only a matter of time before they roll over. If the NFC feature isn't mandated into the contract of credit card terminal acceptance, it soon will be before the October 2015 EMV mandate in the United States. And when that happens, there is nothing they can do about it.
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kcm7
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Postby kcm7 » Mon Oct 27, 2014 1:27 pm

Sevenfeet wrote: If the NFC feature isn't mandated into the contract of credit card terminal acceptance, it soon will be before the October 2015 EMV mandate in the United States. And when that happens, there is nothing they can do about it.


This is where I get confused: are you saying that the 2015 mandate requires contactless (NFC) acceptance? My understanding is that it mandates only contact-based EMV (ie, a chip on a card for the issuers and the ability to accept the chip on the card for merchants) in the U.S.
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Postby Sevenfeet » Mon Oct 27, 2014 8:38 pm

kcm7 wrote:This is where I get confused: are you saying that the 2015 mandate requires contactless (NFC) acceptance? My understanding is that it mandates only contact-based EMV (ie, a chip on a card for the issuers and the ability to accept the chip on the card for merchants) in the U.S.


What I'm saying is that October 2015 mandates the change in liability for merchants using older swipe cards (except for gas station pumps which are exempt until 2018). That means that merchants must accept newer chipped or NFC payments in order not to be liable for fraud in their stores. Accepting EMV chipped credit cards is a given. I would imagine that the if the contract language for accepting transactions in 2015 doesn't mandate NFC, I'm sure that will be changed, else they lose access to Visa, Mastercard and Amex. That's the leverage here. And this is why Apple (and Google) don't have to be the "heavy" in this situation. All they have to do is wait...that and CurrentC is such an awful implementation that it's unlikely it would be successful in its own right.
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Postby djrez4 » Mon Oct 27, 2014 10:19 pm

CurrentC works only with bank accounts. It does not connect with credit card accounts. Complete failure.

I used Apple Pay at Home Depot yesterday. It was neat.
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kcm7
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Postby kcm7 » Tue Oct 28, 2014 9:50 am

Sevenfeet wrote: I would imagine that the if the contract language for accepting transactions in 2015 doesn't mandate NFC, I'm sure that will be changed, else they lose access to Visa, Mastercard and Amex. That's the leverage here.


Ah! Thanks so much for explaining! That makes complete sense.
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Postby MB131174 » Sun Nov 02, 2014 1:08 pm

I finally used ApplePay for the first time today. I bought a medium white hot chocolate at McDonald's (which was actually pretty darn good) and paid with ApplePay. I hope more places get on board with it. What was even neater was the fact that the card I used in ApplePay wasn't even with me. It was sitting at home. I'd love to have a 100% digital wallet someday.
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Postby FourOhFour » Mon Nov 03, 2014 10:39 am

Barclaycard hasn't said anything yet, but after 9to5mac reported USAA cards have started working, I tried adding my Sallie Mae card, and it activated. So if you've been waiting for your issuer to work with apple pay, it might be worth trying your card again.

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Postby darkguy2 » Mon Nov 03, 2014 9:47 pm

I was able to add mine as well, but now I am on hold to get the stupid card activated on my phone.

EDIT: After waiting on hold for 20 minutes a prompt came on and told me that can't take my call and hung up. Got the same thing when I called back. Looks like they were not ready. Also, it seems that the Apple Pay page says that you do not need to call in to activate the card. Just that you will get an email.
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Postby FourOhFour » Tue Nov 04, 2014 10:54 am

I didn't have to call to activate. I've read that it's either due to having used the barclaycard app or because the address on my iTunes account is the same as the billing address for the credit card.



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