• Walmart: MCX is Thinking of Consumers When it Comes to Denying Apple Pay Support



    After CVS and Rite Aid, both of which are members of the Merchant Customer Exchange, pulled support for Apple Pay this past week, Walmart (another member of the consortium) offered its take on why Apple Pay is not being implemented. According to a Walmart representative, MXC is reportedly thinking of consumers when it comes to denying support for Apple Pay. The following was said regarding the matter:

    There are certainly a lot of compelling technologies being developed, which is great for the mobile-commerce industry as a whole. Ultimately, what matters is that consumers have a payment option that is widely accepted, secure and developed with their best interests in mind. MCX member merchants already collectively serve a majority of Americans every day. MCX's members believe merchants are in the best position to provide a mobile solution because of their deep insights into their customers' shopping and buying experiences.
    The whole issue has reportedly turned into a hot topic over the past few days. When Apple Pay previously launched with iOS 8.1, many iPhone 6 and 6 Plus owners were excited to try out the new mobile payment solution. MCX partners, Rite Aid and CVS both supported NFC-based touchless transactions (including Apple Pay) but that seemed to have changed by the weekend. Starting Saturday, the two chains had shut down NFC transactions most likely based on contractual obligations to MCX.

    MCX has been working on CurrentC which has been in development since 2012. That being said, CurrentC is far from Apple’s streamlined solution. It functions differently and isn’t as secure. The mobile payment space in general is estimated to grow into a multi-billion business and MCX is looking to get a piece of that by bypassing credit card network fees. If things work out for Apple in the space, the swiping fees for Apple Pay payments may help the tech giant move further into the industry depending on the performance and adoption of their solution.

    As of right now, it’s too early to tell as which payment option is the frontrunner but Apple Pay does bode well thus far. It’ll be interesting to see how things turn out going forward.

    Source: BusinessInsider via AppleInsider
    This article was originally published in forum thread: Walmart: MCX is Thinking of Consumers When it Comes to Denying Apple Pay Support started by Akshay Masand View original post
    Comments 28 Comments
    1. nealh's Avatar
      nealh -
      LMAO at Wal-Mart. They don't care about the consumer except their dollar.
      MCX CurrentC does not sound safer and I don't need them having any of my information or data.

      There solution sounds like, looks like and smells like crap.

      I will not use it period. There is no way credit/debit cards are going anywhere so they won't win that battle. Consumers are ingrained with credit cards and when the consumer realized how invasive this CurrentC is. They will be upset(ie the attorney will swoon in- can't you see the lawsuits waiting to happen).
    1. StuG III's Avatar
      StuG III -
      Quote Originally Posted by nealh View Post
      LMAO at Wal-Mart. They don't care about the consumer except their dollar.
      MCX CurrentC does not sound safer and I don't need them having any of my information or data.

      There solution sounds like, looks like and smells like crap.

      I will not use it period. There is no way credit/debit cards are going anywhere so they won't win that battle. Consumers are ingrained with credit cards and when the consumer realized how invasive this CurrentC is. They will be upset(ie the attorney will swoon in- can't you see the lawsuits waiting to happen).
      Do you think ANY company cares about the consumer? NO. Shareholders make big business decisions and they're fixated on how much money it will generate.

      CurrentC is definitely invasive and has more potential for disaster but from another perspective majority of the population of the US (at least) have credit card debt, and wouldn't CurrentC promote people to only spend what they have?
    1. WhosTaylor's Avatar
      WhosTaylor -
      Quote Originally Posted by StuG III View Post
      CurrentC is definitely invasive and has more potential for disaster but from another perspective majority of the population of the US (at least) have credit card debt, and wouldn't CurrentC promote people to only spend what they have?
      I agree with the only spending what money you have, but making any big purchase requires you to have some form of decent credit. Honestly though... Why would you alienate payment methods? I feel like this will do way more harm to these companies than it will do good. I'm gonna go in there and use my credit card just to spite them. >
    1. StuG III's Avatar
      StuG III -
      Quote Originally Posted by WhosTaylor View Post
      I agree with the only spending what money you have, but making any big purchase requires you to have some form of decent credit. Honestly though... Why would you alienate payment methods? I feel like this will do way more harm to these companies than it will do good. I'm gonna go in there and use my credit card just to spite them. >
      Their intention is to prop up the flood gates so CurrentC will have time be a real rival to Apple Pay. I doubt it will work. You are right though, CurrentC use doesn't build credit at all.
    1. politicalslug's Avatar
      politicalslug -
      The funny thing about this is it totally ignores how people spend money. Americans buy on credit. How many customers of Walmart can actually afford to buy everything direct from their bank accounts? My guess: not many.
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by politicalslug View Post
      The funny thing about this is it totally ignores how people spend money. Americans buy on credit. How many customers of Walmart can actually afford to buy everything direct from their bank accounts? My guess: not many.
      More like EBT
    1. holyshnikes's Avatar
      holyshnikes -
      It uses qr codes for payment right? Yeah, that's not secure at all.
    1. politicalslug's Avatar
      politicalslug -
      Quote Originally Posted by NSXrebel View Post
      More like EBT
      No. More like credit. Credit, as in they don't have the money in their accounts and have to make monthly payments. EBT is just another way of using debit or check.
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by politicalslug View Post
      No. More like credit. Credit, as in they don't have the money in their accounts and have to make monthly payments. EBT is just another way of using debit or check.
      EBT is Welfare, aka foodstamps. That's not the same as debit or check.
    1. nealh's Avatar
      nealh -
      Quote Originally Posted by StuG III View Post
      Do you think ANY company cares about the consumer? NO. Shareholders make big business decisions and they're fixated on how much money it will generate.

      CurrentC is definitely invasive and has more potential for disaster but from another perspective majority of the population of the US (at least) have credit card debt, and wouldn't CurrentC promote people to only spend what they have?
      I agree. No company cares, that was part of my point. Wall-Mart can't convince they are doing this because they "care". CurrentC seems very intrusive and I'm not letting a big corporation or all these corporations access to this info. Not only can bad things occur but why give them more stuff to sell about.

      Annoys me to no end, companies can. Obtain information about people and turn around and use it basically anyway they want.

      I don't think CurrentC will promote more careful spending but that's my opinion( this is an interesting point you make though). How many people do a good job of balancing their checkbook? Idk. I see a lot of over spending and overdrafts for banks??!!!
    1. smittyjf's Avatar
      smittyjf -
      I Live and Die by my Pay Pal Debit Card. It uses my bank account but works like debit with no PIN. It basically comes out either the next day or the day after.
      I also get 1.5% back every month so I use it for every possible payment including online bill payment that accepts a CC payment (those that do not charge a fee of course)
      I'm near 6,000 in cash back in the last 8 years since I average about 4,000 a month usage. Unfortunately Pay Pal and Apple won't play nice so I will not be using it until they do.
    1. bmwraw8482's Avatar
      bmwraw8482 -
      With mcx we'll all get to wait behind some moron trying to open the app and use it instead of old ladies writing checks... But we'll still get the old ladies writing checks too. Lol
      Apple pay is so simple and quick, why not give us the choice?
    1. SpiderManAPV's Avatar
      SpiderManAPV -
      Quote Originally Posted by bmwraw8482 View Post
      With mcx we'll all get to wait behind some moron trying to open the app and use it instead of old ladies writing checks... But we'll still get the old ladies writing checks too. Lol
      Apple pay is so simple and quick, why not give us the choice?
      Because, money!
    1. RandyTG's Avatar
      RandyTG -
      "MCX's members believe merchants are in the best position to provide a mobile solution because of their deep insights into their customers' shopping and buying experiences." They may have the insights into consumer behaviors, but they don't have the security insights as they are the ones that are getting hacked.
    1. nealh's Avatar
      nealh -
      Quote Originally Posted by RandyTG View Post
      [I]"MCX's members believe merchants are in the best position to provide a mobile solution because of their deep insights into their customers' shopping and buying experiences."
      This laughable to me!
    1. LeslieBee's Avatar
      LeslieBee -
      Quote Originally Posted by StuG III View Post
      Do you think ANY company cares about the consumer? NO.
      While it's true that most companies couldn't care less about their employees, there are a few, like Costco, who not only care about their customers, but their employees as well.

      Which is partly why I'm a diehard Costco customer, and you couldn't pay me to set foot in a Walmart or Sam's Club.
    1. gramirez85's Avatar
      gramirez85 -
      CurrentC is retailer oriented. If successful and widely adopted, they would save billions, because they wouldn't have to pay CC fees. They aren't looking out for the consumer, just their bottom line.
    1. bmwraw8482's Avatar
      bmwraw8482 -
      If Walmart wanted looked out for a consumer they could open an extra register when lines get long...
    1. edwilk55's Avatar
      edwilk55 -
      Amazes that WalMart truly seems to live in a bubble where they think they have the majority of consumers fooled. The ONLY people that believe WalMart gives two sh!ts about them are the Honey BooBoos and they don't use electronic payment systems. Pathetic really! They have a chance to have a secure / easy to use / popular payment system that will save them time/money in the end and fail to adopt. Idiots!
    1. fleurya's Avatar
      fleurya -
      There’s a huge flaw with their “we care” BS: it only works if their CurrentC option has Credit Card option, but it doesn’t. It only lets you pay by debiting your bank account directly! So all they are doing is limiting their customer’s payment options, which cannot be characterized as “caring” in any way at all!

      Furthermore, and ignoring the level of security provided through each option, a consumer is much safer in the event their credit card info is stolen over bank info because CC companies will not hold you accountable for fraudulent charges, but if someone gets into your bank account and takes your money, you’re just out of luck, and money!

      [quotes]MCX's members believe merchants are in the best position to provide a mobile solution because of their deep insights into their customers' shopping and buying experiences.[/quote]

      LOLWUT?? How does knowing WHAT I buy have anything to do with HOW I pay for them??? I can buy the same things from the same store over and over, and use credit, debit or cash depending on what I want to use! And since CurrentC only lets you use direct bank debit, this makes even less sense (if less than 0 is possible)

      Saying you care about the customer by eliminating a payment options is ridiculous! Nobody with half a brain should believe this line of crap. They are going to lose this PR battle big time! Too bad the general public has become too apathetic to push back on this kind of crap and make the merchants change their minds.
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