CVS, Rite Aid Short-Sighted On Apple Pay - InformationWeek

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CVS, Rite Aid Short-Sighted On Apple Pay
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ChrisMurphy
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ChrisMurphy,
User Rank: Author
10/27/2014 | 9:22:51 PM
Re: security
Eric's description of the QR based payment app gets at the issue for me -- firing up an app isn't easier than pulling out a credit card and swiping it. It's harder. So I don't think there will be much impact from any retaliatory boycott by the Aple forum community, but I do think people will pretty soon look at handy phone-based payments, whether Apple Pay or another, as a convenience that's part of where they choose to shop. 
Technocrati
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Technocrati,
User Rank: Ninja
10/27/2014 | 7:58:18 PM
What Does MCX Mean To You ?

Thanks Eric for explaining just how electronic payments are processed at these chains.  I have often wondered, however I despised retail so much I never would have committed the time to figure it out - so thanks again.  

Always nice to learn something new.

Technocrati
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Technocrati,
User Rank: Ninja
10/27/2014 | 7:54:13 PM
Re: security

What surprises me is that Walmart had the wherewithal to even support the development of CurrentC.    It had to do with money ?  

 

Now I understand.

Technocrati
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Technocrati,
User Rank: Ninja
10/27/2014 | 7:49:13 PM
Re: security

@Michael    That's funny,  I have refused to patron a CVS or Rite Aid long before Apple Pay.

Technocrati
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Technocrati,
User Rank: Ninja
10/27/2014 | 7:46:27 PM
Opps, They Own What ?

I guess Apple didn't see this coming with regard to Apple pay?  Or did they just figured it would take care of itself ?  Did they really think the 1% of Retail would give up any of it's cash cow ?    

 

Well apparently they did - this is going to be really interesting as Apple encroaches upon Walmarts turf.    

 

This should be good.

Michael Endler
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Michael Endler,
User Rank: Author
10/27/2014 | 4:49:59 PM
Re: security
Agreed.

Will CVS and Rite Aid see any financial fallout because iPhone users choose to shop elsewhere? We'll see. There's certainly a ton of iPhone owners in forums making threats to that effect.
Thomas Claburn
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Thomas Claburn,
User Rank: Author
10/27/2014 | 4:04:13 PM
security
Apple's security is far from perfect, but it's probably going to be much better than CurrentC's.
chadbag
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chadbag,
User Rank: Apprentice
10/27/2014 | 12:53:47 PM
Re: Grabbing the fee
CurrentC is mostly about avoiding the CC fee on the merchant's side.  They want you to put your bank details in and then debit your checking account.   Right....  CurrentC is DOA.

 
zaious
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zaious,
User Rank: Ninja
10/27/2014 | 12:25:32 PM
Grabbing the fee
It appears that the companies are in the open field with their greed to 'grab' the fees. As a consumer, I do not care about where the 'fee' is pocketed. All I care is: 1) I want simple way to pay. 2) No extra charge to me. 
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