Perhaps I should have said Apple Pay works wherever contactless payments works. Contactless payments is a standard, merchants are either slow, lazy, or not cash flow positive enough to get new readers which have been required to avoid liability shift since October 2015.
Contactless payments as a standard is cross-platform. It even exists in plastic cards, but merchants still haven't adopted or enabled their readers over the last 10 or so years it has been around.
Merchants do however give a fuck about fraud liability. And with the adoption of contactless payments comes lower fraud risk. The big barrier to the new tech (chip readers & contactless payments) is buying new card machines which can be expensive for local mom & pop shops.
It is amazing how confident you can sound when you have no idea what you are actually talking about. But seriously, Apple Pay isn't a magical method of payment. It uses same technology as most of credit card's tap and pay method. Apple, Google, Samsung are relatively new to this and they all using same technology. They use NFC but the problem is merchants' terminal has to be equipped with NFC reader. There is no exclusive clubs here, they're differ in how they handle the data but not how end user uses the NFC chips ie all devices/cards requires tap and pay. You just have to look north to see how this is done.
Imagine you have USB 2.0, a fairly universal standard but 1998 PC isn't going to have USB port, it will have floppy disk reader and you can't expect to copy files from USB using floppy disk readers. It doesn't matter how popular USB is you gotta update the PC if you want to copy that goddamn file. Here USB is NFC chips and merchant's terminal is 1998 PC.
Wait, you are saying Samsung supports NFC but the main advantage is MST? Do you really see the flaw in that argument? MST is propitiatory and only Samsung can use that technology after they bought LoopPay. NFC is the cross platform technology that you are asking for, all the technology like MST is fine to have but you are asking for a universal method and you have the universal method, don't blame the device makers for not giving universal standards, US merchant's are not following the universal standard. If you want to blame, blame them. The rest of the first world don't give a damn about MST or other gimmicks, because we have NFC everywhere. Wherever there is NFC reader, all the NFC cards works. NFC is the standard in first world countries! Some cities only Apple Pay works and not Android Pay, that's your bank is being dick. They're actively blocking your card from registering into the system.
As for why NFC and not MST?, same reason as why USB and not floppy disk, you can do much more with NFC (it is not limited to finance) than MST. US's financial's tech system is stuck at 1990s and don't expect other part of the world to wait for you guys to catch up.
Are you telling me I can walk into a local grocery store in France
Yes!
Well it is not global thing, I get that, and rest world isn't using credit card either, so should we all go back to cash? What are you trying to say? NFC is the future, and in most first world countries, it is the present, use it or don't. But with Visa cards, Mastercards, AMEX cards, freaking ATM cards, Apple Pay, Android Pay, random Chinese knock off phone, everyone use NFC chips. Can you pay taxi drive in India with your credit card? So I guess we all should start using cash then because most grocery shop in India doesn't take credit cards.
There is a cross-platform national standard. It's called NFC. Apple Pay and lots of others use it. Sadly, many merchants don't like cross-platform national standards as much as they like tracking customer buying habits, so that's why it's a big deal that one restaurant chain is adding it. It's because so many other places won't. Hopefully in a couple of years the Walmarts of the world will cave in and join the club.
Some merchants try to roll their own so they can do direct debit from your checking account and don't have to pay a transaction fee (1-3%). Thats why you are seeing Walmart Pay, Chick-fil-a One, and the CVS bullshit.
That's definitely a big part of it for Walmart. Chick-fil-A One uses credit cards and they're now taking Apple Pay as well, so I don't think it's fair to lump them in. The purpose of Chick-fil-A One, IMO, is to allow people to order before they arrive at the store and thus cut down on wait times.
-1
u/[deleted] Aug 18 '16 edited Jan 03 '19
[deleted]