Reuters: the majority of top US retailers don't even plan to accept Apple Pay this year
posted by Daniel P. / Jun 05, 2015, 9:07 AM
Well, last September this moment finally arrived, as Tim Cook unveiled the Apple Pay service, ready to take on the world. Asked whether he thinks he just killed the credit card, Apple's CEO chuckled in his characteristic way, and said "I think we put a dagger in it," in a fashion that must have sent chills down the spine of anyone smaller than Visa or MasterCard.
payWave, or MasterCard's PayPass, not to mention the various carrier undertakings, such as Softcard in the US, which got acquired by Google, or smaller initiatives like that of Paypal, or Boku, a new formidable entrant went into the fray. No, we aren't talking about the recent Android Pay announcement, but Samsung Pay, as its system allows for easy payments as if you use a magnetic stripe card, without the need for merchants to install special POS equipment, like with Apple Pay.Fast forward a pregnancy or so, and the things aren't looking that rosy for Apple Pay. Besides all the competing mobile payment systems, like Visa's
How exactly did this dedicated terminal requirement affect the proliferation of Apple Pay? Well, according to a fresh Reuters survey, out of the top 100 U.S. retailers, less than a quarter are currently accepting Apple Pay. Actually, two thirds of the respondents said their retail chains don't even plan to implement Apple's mobile payment system this year. The reasons? Extra equipment required to process transactions, lack of real customer demand, and lack of unrestricted data access to the payment statistics. This doesn't bode well for the Apple Pay crusade in the US this year, so we are very curious to see how Samsung Pay will fare once it launches here in the fall, as it doesn't require any modifications on par of the brick-and-mortar retailer.
It's simple. Many retailers aren't ready for Apple Pay yet but they will be in time.
posted on Jun 05, 2015, 9:14 AM 3
Posts: 448; Member since: Feb 12, 2014
It's simple. The way Apple approach to mobile payment is wrong. Samsung pay makes much more sense than Apple pay.
posted on Jun 05, 2015, 9:25 AM 23
No their approach is fine. Why isn't it popular? Well the reason is the fact that most people still use iPhones that don't have NFC and only the 6/6 Plus has it. Retailers wouldn't expect more customers to use it so they won't implement it since they aren't ready for it. If only Apple added NFC to previous models, Apple Pay would be a success. But in the meantime it's gonna remaining quiet and it will stay quiet. Apple screwed Apple Pay.
posted on Jun 05, 2015, 9:30 AM 3
Posts: 17312; Member since: Jun 17, 2009
No, it wouldn't. Retailers are dragging their feet because of the costs involved, and those wouldn't change if the iPhone had NFC in earlier models (which they didn't because NFC was a useless gimmick until a year ago.) People act as if this tech replaces credit cards (it doesn't, you still need a card to use mobile pay, and you're still going to need to carry it.). It's also not easier or more convenient than simply pulling out a card, all of which will soon have RFID chips making them work pretty much the same as mobile pay solutions.
posted on Jun 05, 2015, 1:11 PM 1
Posts: 17312; Member since: Jun 17, 2009
I agree. It's just not any more convenient. It's easier for me to pull out my card - especially in a restaurant setting. When the waitress drops of the check, am I going to hand her my phone? Maybe if this could 100% eliminate the need to have the card on you people will move to it. But it never will.
posted on Jun 05, 2015, 4:40 PM 3
Posts: 2454; Member since: Apr 23, 2015
Spawning american patriot
posted on Jun 05, 2015, 9:25 AM 2
Posts: 2278; Member since: Aug 06, 2014
All technology aside, but i think that many people do not believe that their payments in smartphone are safe, maybe teenagers will use Samsung or Apple Pay, but more "experienced" people will stick to cards and cash, having in mind many stories about hackers stealing informations.
posted on Jun 05, 2015, 9:27 AM 2
I still rely on cash and credit cards. Mobile payments aren't ready for me yet. I side with you.
posted on Jun 05, 2015, 9:33 AM 2
Posts: 2540; Member since: Sep 03, 2013
I'm all ready for mobile payments. From what I see, it's the most secure way to pay. My coworker is at the bank now(No lie), because his card got hacked at a gas station. Someone was using his card 2 states away. The biggest issue for me with Apple Pay is not knowing where it works. With that said, it will take a couple of years for it to really take off. I remember when most places didn't even take Debit/credit cards. You had to pay with cash. That wasn't that long a go. These things take time.
posted on Jun 05, 2015, 10:17 AM 0
Posts: 1868; Member since: Aug 27, 2009
Apple's method isn't secure. Listening to Clark Howard, Apple Pay has about 60x the amount of reports of fradulant charges, because the data isn't secured properly. Apple is going to have to revamp their system. I don't really like any of these systems. I'd rather just take out my credit card, swipe it, and go about my merry way.
posted on Jun 05, 2015, 9:36 AM 4
Posts: 14; Member since: May 28, 2015
I don't have an Apple phone, but none of the Walmarts I have been to have the capability of accepting mobile payments from Apple or Google. That's pretty much the nail in the coffin for me.
posted on Jun 05, 2015, 9:39 AM 0
Posts: 526; Member since: Jun 05, 2015
This is the same as smart watches, the big question is why?... gotta find a reason to do it in the first instance for it to be successful. I'm looking forward to Samsung pay because it makes a lot more sense than anything else.
posted on Jun 05, 2015, 10:01 AM 1
Posts: 2383; Member since: Jul 18, 2010
It'll be a while before I trust any of the mobile payment solutions. Software is just too much of an exploitable vector regardless of the encryption level. Financial gains aside, some may track to crack it just for the challenge it presents, or even for "lulz" alone.
posted on Jun 05, 2015, 1:53 PM 0
Posts: 1; Member since: Jun 07, 2015
Would you rather trust all your personal/CC information to a couple of hundred vendors or just one secure firm? Why would you want to carry both a phone and and a credit card? If the card (even a chipped one) is stolen anyone can use it, only your thumb will allow using ApplePay even if you lose your phone. Creditcard info can be used over and over illegally, Applepay tokens useless after one use. Applepay is STILL a credit card transaction with all the CC protection. The so called negative investment return will be the cost of retaining your customers as the tides shift.
posted on Jun 07, 2015, 9:06 PM 0
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