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  • (January 12, 2023, 01:18:11 AM)

Author Topic: Mobile Wallet Wars  (Read 4858 times)

BizB

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Mobile Wallet Wars
« on: October 27, 2014, 08:21:45 AM »

Everyone thought the Apple Pay functionality would finally bring the mobile wallet war to a standstill. With a powerhouse like Apple setting the standard, it should be a no brainer for everyone else to follow suit, right?

Wrong.

http://www.businessinsider.com/cvs-stores-reportedly-shut-down-apple-pay-support-2014-10
http://www.businessinsider.com/walmart-war-against-apple-pay-the-iphone-payments-system-2014-10

Now, the battle's front lines have shifted from...
Credit card companies to carriers
carriers to phone manufacturers
phone manufacturers to operating systems
operating systems to retailers

It's time for an open source solution that can't be blocked.
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Novice

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Re: Mobile Wallet Wars
« Reply #1 on: October 27, 2014, 09:54:44 AM »

Sounds like they just don't want to give up the consumer data. Based on that premise, I wonder how many consumers actually concerned with privacy will use the alternate tools. Seems like a reason to stick with cash or simply avoid those retailers.

BTW, there are solutions for online transactions (Abine's MaskMe, for example) but AFAIK these can't take advantage of "near field".


EDIT: Geek has some details on how CurrentC works..
http://www.geek.com/mobile/retailers-stop-apple-pay-and-google-wallet-working-want-currentc-to-be-the-future-1607802/

Basically, these retailers are simply going to keep NFC disabled completely and go back to QR codes. 2007, anyone? I also like the last sentence of this article:
"It’s not a matter of if people will use this service, it’s a matter of when and how often."

Never and never.
« Last Edit: October 28, 2014, 09:03:27 AM by Novice »
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« Last Edit: October 30, 2014, 06:45:59 AM by Novice »
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zorgon

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Re: Mobile Wallet Wars
« Reply #3 on: October 30, 2014, 02:51:40 PM »

El oh El
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