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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: HerbVic who wrote (190585)5/17/2016 11:22:50 PM
From: david19511 Recommendation

Recommended By
HerbVic

  Respond to of 213177
 
Herb, Walmart has their own phone pay system, called Walmart Pay. In theory it can support Apple Pay but Walmart isn't willing to do that. Don't blame Walmart for wanting something faster than credit cards. I've read that the new credit cards with chips can take up to 20 seconds to process. Way too slow! Visa is supposed to be working (with who I don't know) on a new technology that can this processing time by 18 seconds, according to Jim Cramer.ni think that Apple Pay will eventually become the gold standard for phone pay systems, as more and more stores adopt it for its speed and security.

9to5mac.com



To: HerbVic who wrote (190585)5/18/2016 7:31:06 AM
From: Stock Puppy1 Recommendation

Recommended By
BoonDoggler

  Read Replies (3) | Respond to of 213177
 
What is it with the Chip credit cards that make it so slow?

The only thing that I can imagine is that the information is encrypted and unencrypting is taking time or there is some sort of back and forth with the mother ship and communications is slow. What are they using in those card readers, Intel 8085's?

Or are my assumptions incorrect and something else is going on?