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  • Forget Apple Pay: Think MasterCard With Bionym [View article]
    Michael Blair,
    Long MA but this just encourages Capital One, JPM Chase and all the other issurers to come up with some gimmick like the same to get folks to use their card. It seems like a costly crazy method when all they need to do is have somewhat attractive rates and folks will dedicate that card on their Apple Pay or swipe that one if they don't use mobile.
    Nov 14, 2014. 08:28 AM | 2 Likes Like |Link to Comment
  • Apple Pay Looks Vastly Better Positioned Than MCX [View article]
    Dennis,
    Chip and pin cards do not require NFC and do not have NFC chips. They have a strip like other credit cards that needs to be read by a card reader. The EMV cards have a system like tokinization, the process that Apple Pay uses. This causes confusion.
    Nov 13, 2014. 12:04 AM | Likes Like |Link to Comment
  • Apple Pay Looks Vastly Better Positioned Than MCX [View article]
    JG2000,
    Chip and pin credit cards, or EMV cards use a tokinization process (Apple set up one like EMV with Apple pay) but it does not require NFC for it. EMV cards are swiped as we've always swiped credit cards in a POS machine.

    NFC is near field communication where two items are in close proximity and the data is transferred within that proximity.

    Many current POS machines have both capabilities (NFC and EMV). A smart retailer would probably buy one that has both. I've looked at machines offered by Verifone and Ingenico and they have POS models that don't have NFC capability so retailers can currently purchase POS machines without that (not sure that would be wise though).
    Long PAY, INGIY, APPL
    Nov 12, 2014. 11:35 PM | 1 Like Like |Link to Comment
  • The Battle For The Sun (Or Who Will Collect The Rental Income For Solar Energy In The 21st Century?) [View article]
    Mike,

    Check out my comments about Hanergy above and check out its valuation.
    Why not buy it (especially if you compare valuation to SCTY)? In my opinion buy a lot- I bought 5000 shares for $900.

    If you want to try the shot gun approach as opposed to the rifle approach,
    consider (TAN) -Guggenheim Solar ETF. It has 27 holdings, Hanergy and Solar City as well as every other solar company mentioned in this article. I also own TAN and consider it an easy way to own many competing in that technology.
    Nov 4, 2014. 08:43 PM | Likes Like |Link to Comment
  • Apple Pay Looks Vastly Better Positioned Than MCX [View article]
    My understanding is Apple makes very little with Apple pay and it was not intended to be a big revenue source for them. It more just solidifies their brand for future loyalty purchases and is a continuation of the huge number of cards/growth already on file at iTunes,
    Oct 31, 2014. 02:05 PM | 1 Like Like |Link to Comment
  • Apple Pay Looks Vastly Better Positioned Than MCX [View article]
    I have no stake in CurrentC but I've been researching the mobile payments transitioning since 2012 for investment opportunities and have investments in companies that are involved with both Apple and CurrentC; also Apple.

    Go to the web site for MCX and look at the LONG list of the retailers. If all of those offer credit cards to use on CurrentC (less dangerous than debit and don't require SSN) and offer loyalty points with coupons to maintain their customer loyalty and they can convince the public (to some degree) that their system is safe (we all know that no system is safe), they could have success. Those retailers do 1 trillion in sales together each year! This is to all mobile phone users also (I believe).

    Compare that to Apple's list of retailers.
    Oct 31, 2014. 12:09 PM | Likes Like |Link to Comment
  • Apple Pay Looks Vastly Better Positioned Than MCX [View article]
    Apple's is safer and easier but they lack retailers and the big retailers.

    New article where Deckers Davison, head of MCX is interviewed in Moblie Payments Today.

    It says MCX will also add credit cards as a funding option and are in talks with two networks and are working directly with issurers.

    http://bit.ly/1xHWBF7

    If they take credit cards and offer coupons/rewards maintaining their customer loyalty....they could win (remember this works on IOS and android systems and probably windows too).
    Oct 31, 2014. 11:31 AM | Likes Like |Link to Comment
  • Titans Clash: MCX Vs. Apple Pay [View article]
    New article where Deckers Davison, head of MCX is interviewed in Moblie Payments Today.

    It says MCX will also add credit cards as a funding option and are in talks with two networks and are working directly with issurers.

    http://bit.ly/1xHWBF7
    Oct 31, 2014. 09:08 AM | Likes Like |Link to Comment
  • Did Apple Pay Just Lose Billions? [View article]
    New article where Deckers Davison, head of MCX is interviewed in Moblie Payments Today.

    It says MCX will also add credit cards as a funding option and are in talks with two networks and are working directly with issurers.

    http://bit.ly/1xHWBF7

    Also, for folks worried about their iPhones being stolen who want to use Apple Pay, just make sure you have the Find Your iPhone app. If it's stolen or lost, that person who can track your phone can erase the data quickly.

    I've bought stock in a couple of the card issurers during the "dips" as the issurers stand to gain the most from this mobile revolution. The biggest issuers are JPM and others (not MA and V). Also own MA though; great stock.
    Oct 31, 2014. 08:30 AM | Likes Like |Link to Comment
  • Titans Clash: MCX Vs. Apple Pay [View article]
    Eric,

    I agree Apple's is safe and easy and the tokinization is state of the art since it works like EMV not revealing one's PAN.

    I'm just am having trouble with folks vilifying the big retailers. Consider this:

    Why would the big retailers want to add large capital expenditures just to get the same payments for products they normally would sell?

    I applaud cost-containing thinking (at least initially) as an investor by supporting the retailer's efforts to come up with a mobile payment platform that incorporates coupons/loyalty rewards/inventory data). The effort to come up with the mobile payment platform is not corporate greed. If they have to put millions in POS machines that have the NFC capabilty, that adds to their costs of doing business. I own stock in some of the retailers and I want to see this type of careful decision-making, keeping capex low.

    It does them no harm initially to try and develop a system that works well for their best interest and their customers which can give all parties savings (customers with coupons/loyalty rewards). Where they failed was not coming out with their mobile payment platform WAY before Apple came out with theirs.

    Eventually, if enough consumers do send messages demanding Apple Pay the largest retailers may be forced into some difficult, expensive decisions (upgrading thousands of POS machines and figuring out a way to interface their coupons/loyalty rewards so that they work with Apple Pay). Some of that cost could be passed on to the consumers too in the form of higher prices.

    Another thing to remember, Apple is a technology company and none of the MCX companies are. Trying to hold the MCX retailers to the same standard of Apple for being as technologically prepard for mobile payments is unrealistic. That is why they needed to pool together, hire experts, and come up with a platform.

    I'm also long Apple and will enjoy using Apple Pay on my iPhone 6 but I'm not in a big hurry, will not switch drug stores to use it, and only a few stores I frequent are signed up for it.
    Oct 29, 2014. 11:55 PM | Likes Like |Link to Comment
  • Did Apple Pay Just Lose Billions? [View article]
    I think NFC is in many of the newer POS machines but some are still offered without and many retailers have older (existing) units that do not have the NFC capabilty.
    Oct 29, 2014. 10:38 PM | Likes Like |Link to Comment
  • Did Apple Pay Just Lose Billions? [View article]
    Underpants,
    The retailers, especially the large ones like Walmart, Sams, Target, Exxon, Shell, 7-11, etc would have to upgrade their POS machines to have NFC capability and that means upgrading thousands of those if going with Apple Pay or any NFC-type payment. That is millions of dollars. The retailers also would love to have their own system interfaced with the mobile system to allow coupons/loyalty rewards for customers along with inventory tracking. The stores also have less fees using debit/ACH transfers.

    The value proposition to customers is the loyalty rewards and coupons that get interfaced into each store's system with CurrentC. Coupons and rewards do matter to a lot of people and could come into play.

    I like using Target cartwheel and scanning the barcode of savings on my phone when I check out . It would be incorporated into the CurrentC, I believe. I have a iPhone 6 and look forward to using Apple Pay too though.
    Oct 29, 2014. 06:51 PM | Likes Like |Link to Comment
  • Did Apple Pay Just Lose Billions? [View article]
    TRILLIONS.... (your title could have been). But I don't think they've lost all that.

    A trillion is what the MCX retailers do in one year in sales together . MCX retailers includes Walmart, Sams, Target, Gap, Old Navy, Banana Republic, Sears, K Mart, Lowes, 7-11, Darden Restaurants, Publix, CVS, Rite Aid , Best Buy, Shell, Conoco, Exxon Mobile, Phillips 66, Sunoco, Southwest, Giant Eagle, Kum & Go, Dunkin Donuts, Dillards, Michaels, Wendys, Kohls, Sheetz, Quick Trip, Race Trac, and others....

    This will be interesting.
    I'm an iPhone 6 user but I like rewards/coupons too and Apple Pay can't give me that but the retailers could with CurrentC.

    I'm not taking a stance yet. Waiting till all players are in the game. Time will tell.
    Oct 29, 2014. 12:36 PM | 1 Like Like |Link to Comment
  • Titans Clash: MCX Vs. Apple Pay [View article]
    Rite Aid and CVS were not the first to say they wouldn't support Apple Pay. A little while ago in the news Best Buy and Walmart came out with the same stance of not acceping Apple Pay. Their stance was much bolder since they sell APPLE products.

    I am an iPhone 6 owner and plan to use "a mobile wallet" technology that I feel is the safest and the one I like the best. I do like Apple's for the tokinization technology and thumb print varification.

    I'm willing to wait to see how it all plays out. To date, all the players are not on the field yet.

    I'm not supporting CurrentC but I do enjoy Target Cartwheel and can see how that savings app would be incorporated into their interface with CurrentC/ bar codes to give savings while checking out using mobile phones.

    I cannot blame those big retailers like Target, Walmart, Shell Oil, Exxon -they would need to upgrade thousands of POS machines to accept NFC to go along with Apple Pay which would cost millions and that "investment" would not buy them anything beneficial in terms of interface with their data/inventory tracking, customer loyalty offers/coupons, etc. One can understand why they would try to come up with their own system when you think of the logistics this way.

    When the EMV cards kick in Oct. 2015, the credit cards, I believe, will function similarly to how Apple Pay functions, with a tonkinization so that the user's PAN is not what is relayed during the trasaction. At that point cards will be safer.

    I don't think we should be boycotting any stores or making demands at this point. Eventually the public/consumers will speak and will make their vote known by their support (use of) the chosen developed technology. Supply and demand, safety and ease. Time will tell.
    Oct 27, 2014. 11:36 PM | Likes Like |Link to Comment
  • Making Money By Remaining Calm While Others Panic [View article]
    I never want to be 100% invested-that would make me more prone to emotions. It helps psychologically just knowing some cash is still on the sidelines just in case as a cushion.
    Oct 23, 2014. 01:30 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
371 Comments
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