| Author | Message | ||
     Legend Username: Twitter Post Number: 35153 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
may be apple or concerned providers will sponsor the systems | ||
| Sashasaurav Hero Username: Sashasaurav Post Number: 13797 Registered: 01-2009 Posted From: 173.74.135.81 Rating: N/A |
Yes ... Forgot that ... Retailers ki effect is only upgrading their systems ... Except that i dont see any change in the current system .. | ||
| Cocanada Legend Username: Cocanada Post Number: 47985 Registered: 01-2008 Posted From: 173.186.242.11 Rating: N/A |
Retailers are affected. For now, the networks, banks have reduced their fee to support apple pay. if this thing flies, you can expect them to go up again. the POS has to support apple pay right? so, retailers have to stand up something to support the new form of payment | ||
| Sashasaurav Hero Username: Sashasaurav Post Number: 13796 Registered: 01-2009 Posted From: 173.74.135.81 Rating: N/A |
To give a Clear cut understanding of what all this means . Here is the Flow 1) Consumer ( Let's say Twitter ) Buys at Walmart using his BOFA CC 2) Now BOFA CC which is issues by VISA charges 3% for the transaction which will be shared among themselves with VISA being the big brother 3) Now as a consumer Twitter vuncle does not know if Walmart is getting that 3% from him or not .. For walmart they say they do not charge customer and bare those charges Now coming to CurrentC developed by MCX : 4) Now all these type of vendors want to develop a system to eradicate VISA , so they developed CurrentC which works with the Banks directly ( Like BOFA in linking ur Debit accoun) 5) So in years to come it will be Debit system instead of Credit system across USA - Which is highly debatable .. Now coming to Apple Pay : 1) Apple Pay works with merchants like VISA and get a share . In this way Retailers or Customer do not get effected or atleast the current system does not change for them 2) If Apple pay gets kicked , CurrentC looses it's advantage and becomes irrelevant ... so they are blocking customers like CVS to go to Apple pay ... | ||
| Newguy123 Megastar Username: Newguy123 Post Number: 23508 Registered: 01-2009 Posted From: 24.44.14.209 Rating: N/A |
apple pay, google wallet ki janam alavatu padithe ade permanent ayipothadani retailers badha.. CC companies/banks ki kuda vallaki vachedantlo very small percentage apple pay ki cheyataniki badha ledu.. MCX has been working on a mobile payment solution since 2011, and the driving force behind the effort is to enable the merchants to avoid paying the 2% to 3% credit card transaction fees charged by the likes of Visa (V) and MasterCard (MA). How much do these big retailers dislike paying fees to Visa and MasterCard? Former Walmart CEO Lee Scott is reported to have said, "I don't know that MCX will succeed, and I don't care. As long as Visa suffers." | ||
| Sashasaurav Hero Username: Sashasaurav Post Number: 13795 Registered: 01-2009 Posted From: 173.74.135.81 Rating: N/A |
VISA is the main target and they dont like it's dominance .. Costco / Sams extra vaalu no CC's ani untadhi .. Slowly Walmart and other retailers want to take out CC's transaction charges of 3% ... Atleast in america it is not possible .. Simple gaa chepaali ante they want to bring back Cash meaning debit cards .. NOT POSSIBLE | ||
| Cocanada Legend Username: Cocanada Post Number: 47983 Registered: 01-2008 Posted From: 173.186.242.11 Rating: N/A |
agree. but merchant kurrollu want to hit both apple pay and VISA at the same time | ||
| Newguy123 Megastar Username: Newguy123 Post Number: 23506 Registered: 01-2009 Posted From: 192.200.5.41 Rating: N/A |
merchants ki problem apple pay kaadu, credit card companies ki pay chesedi tagginchalani.. debit card ayithe ekkuva pay cheyakkarled. ee currentC debit card meeda work avutundi..america lo debit card vadevallu chala takkuva % vuntar | ||
| Cocanada Legend Username: Cocanada Post Number: 47981 Registered: 01-2008 Posted From: 173.186.242.11 Rating: N/A |
if this is true, merchants will not be behind MCX | ||
| Newguy123 Megastar Username: Newguy123 Post Number: 23499 Registered: 01-2009 Posted From: 192.200.5.41 Rating: N/A |
idi chachina vadaru retailers..amazon antene chirrettuddu vallaki  | ||
| Saint Legend Username: Saint Post Number: 41717 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
amazon merchant services vaadu kooda free POS isthunnadu (its not advanced but basic..inka advanced itche range ki ellaledu)....eedu ee direction lo edo okati edathadu final ga! | ||
| Newguy123 Megastar Username: Newguy123 Post Number: 23497 Registered: 01-2009 Posted From: 192.200.5.41 Rating: N/A |
aa currentC evadu vadathadu.. asalu ela work avutundo chusthene ardham avutundi..adi failure project ani.. apple pay or google wallet valla retialers extra burden emi vundadu..adi visa/mc/amex percentage lo nunchi cut.. | ||
| Saint Legend Username: Saint Post Number: 41716 Registered: 01-2011 Posted From: 12.22.163.132 Rating: N/A |
yes idhi mathram too much strategy from apple!! idi kanuka success ayyi vaadiki 0.5% from each transaction vachina, vaadi profits oo range lo vuntayi!!! so if visa/MC charging 2-3% for each transaction, applepay will add another 0.5% | ||
| Legend Username: Twitter Post Number: 35151 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
valid question evadiki istam ochhina idea vaadu invent chesi ruddhesthadu janala meedha kikki ..ippusu hybrid cars ki kooda hydrogen fuel cells lo cons thecchi janala meedha ruddhuthe eti settharu ..anubhavinchandi | ||
| Cocanada Legend Username: Cocanada Post Number: 47979 Registered: 01-2008 Posted From: 173.186.242.11 Rating: N/A |
baatam line aadu cheppinattu..merchants ki apple pay kotha burden. payment chain lo kotha layer ochindi. vaadiki dobbinchukovaali. evaru dobbinchukuntaaru? networks? banks? hell No. final ga burden padedi merchants meeda, indirect ga customers meeda. customers ki picha picha ga nachesi nenu apple pay maatrame vaadataanu ante tappa established retailers ready ga leru. | ||
| Ipc302 Moderator Username: Ipc302 Post Number: 20020 Registered: 02-2008 Rating: N/A |
shame to shame tech experts antha apple pay will revolution rotation the way u pay ani pages koddi type sesaru2-3 weeks back...ippudu sammaga ettaru ee walmart/green, cvs and co...google wallet vaadu kooda ilantidi edo seyyaniki trying since 2012 but some other kabab mein haddi esaru retailers and others...ee desam lo ilaga ayithe kastam..tesla vaadini nokkaniki auto dealers lobbying and VP state assemblies are passing bills banning tesla's...consumer ki eti kavalo asala evadiki pattadha ...i quechan | ||
| Andhrawala Legend Username: Andhrawala Post Number: 34507 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Devices meedha revenue almost saturation point ki serindhii so as a new model deentloki enter ayyeeduu Wallet lekundaa nuvvu bayataku velthee yappygaa konukkochu ane convenience thappa nayapaisa vupayogam ledhuu also how does it work in gas stations akkada koodaa Apply Pay readers pedathaaraa. also daanikosam Applie I6 device okaa 600 petti konaaali. adi customer ki inko bokkaa No Signature | ||
| Bushu Hero Username: Bushu Post Number: 10004 Registered: 04-2009 Posted From: 50.164.157.158 Rating: N/A |
http://techcrunch.com/2014/10/25/currentc/ explained nicely here. | ||
| Legend Username: Twitter Post Number: 35148 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
also mana cards anni theeskelli 3rd party chethilo ettadam kooda boothu imo | ||
| Jalsa Megastar Username: Jalsa Post Number: 27367 Registered: 02-2008 Posted From: 159.53.110.140 Rating: N/A |
Visa and Mastercard charge 2-3% or something...Walmart and others like target, bestbuy are leading an effort to kick out Visa especially. | ||
| Legend Username: Twitter Post Number: 35146 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
if that is the case Apple vadidhi athyasa kadhu kadhu duraasa ani cheppali ..retail shop loki vacchi register dhaggara nunchoni ..wait wait nuv dabbulu naku kattu nen veediki isthanu anadam doesn't make any sense ...unless he agrees to pay some commission to the retailer which is not practical though | ||
| Royyala_nayudu Side Hero Username: Royyala_nayudu Post Number: 2333 Registered: 04-2014 Posted From: 205.144.127.200 Rating: N/A |
Biggest problem is the Bank fees. They want to go back to the barter model, where credits will be exchanged in an exchange. Digital Currency time lo inka Banking model medha base ayina Wallet and Pay koncham kastam, we have to wait and see how this plays out. | ||
| Legend Username: Twitter Post Number: 35145 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
too much technical stuff kaakunda paipaina cheppu if pazibul | ||
| Simhapuri_kurrodu Hero Username: Simhapuri_kurrodu Post Number: 13184 Registered: 07-2008 Posted From: 205.157.110.11 Rating: N/A |
NDA as in BJP govt or ikkada defense proj | ||
| Cocanada Legend Username: Cocanada Post Number: 47977 Registered: 01-2008 Posted From: 173.186.242.11 Rating: N/A |
nenu ee subject matter lo egaspert ni. but NDA lo unnanu. so..keeping my mouth shut | ||
| Simhapuri_kurrodu Hero Username: Simhapuri_kurrodu Post Number: 13183 Registered: 07-2008 Posted From: 205.157.110.11 Rating: N/A |
i think so. walmart/target inka few companies developed their own system and wanna promote it anukunta | ||
| Legend Username: Twitter Post Number: 35138 Registered: 10-2009 Posted From: 198.240.130.75 Rating: N/A |
are being refused by retailers? is Apple or Android based payment systems involves any broker fees ? why retailers are looking forward for CurrentC ? is it because currentC works for debit/gift cards only ? |
