Clunky, convoluted, invasive Chase Pay cannot compete with Apple Pay

“Big retail is looking to carve out a piece of the mobile payments pie, where competitors like Apple Pay, Android Pay, Samsung Pay, PayPal, Square and others now battle. This week, the retailer-backed mobile payments consortium MCX announced it would be the premier partner for the newly unveiled mobile payments platform Chase Pay from JP Morgan Chase,” Sarah Perez reports for TechCrunch. “Described as a ‘closed loop network,’ Chase Pay will allow Chase’s 94 million credit, debit and pre-paid card customers the ability to make in-store, in-app and online purchases, beginning in 2016.”

“there’s one huge caveat with regard to Chase Pay: unlike Apple Pay and Android Pay, which are NFC-based (tap-and-pay) solutions, Chase Pay uses QR codes. That means shoppers have to show the QR code to the cashier, who then scans it,” Perez reports. “It won’t be as seamless as using a tap-and-pay technology like Apple Pay. With NFC-based payments, users don’t have to launch an app – they just hold their phone near a supported terminal. But Chase Pay will require users to unlock their phone, find and launch MCX’s CurrentC app, display the QR code, and wait for it to be scanned.”

“Merchants have the advantage of a network that includes no network or processing fees and no merchant fraud liability. But they’re also getting shoppers’ data – something that today’s more privacy-minded consumers are fighting back against,” Perez reports. “At the end of the day, then, what Chase Pay is offering is a more data-demanding service that’s not as fast or as simple to use, and one that will co-exist on many terminals where NFC-based mobile payments are already supported.”

Read more in the full article here.

MacDailyNews Take: Chase Pay is clunky, convoluted, invasive, and desperately antiquated.

Chase takes aim at Apple Pay with new ‘Chase Pay’ mobile payments service – October 26, 2015
Starbucks, KFC, and Chili’s to accept Apple Pay this year – October 8, 2015
Barclays to bring Apple Pay to the UK in early 2016 – October 7, 2015
Some Best Buy stores are now accepting Apple Pay – September 18, 2015
MCX CEO gone a day after Apple Pay lands Best Buy – April 28, 2015
Best Buy capitulates, to accept Apple Pay despite CurrentC allegiance – April 27, 2015
Major retailers see Apple Pay wave – November 17, 2014
In only 3 weeks, Apple Pay is changing how consumers pay – November 17, 2014
Boycott CVS and Rite Aid – October 27, 2014
Bad business: CVS and Rite Aid antagonize their most well-heeled customers by blocking Apple Pay – October 27, 2014
CVS stores reportedly disabling NFC to shut down Apple Pay – October 25, 2014
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Apple’s iOS dominates in richer countries, Android in poorer regions – March 25, 2014
Twitter heat map shows iPhone use by the affluent, Android by the poor – June 20, 2013


  1. There is still the liability issue… who gets stuck if there is overcharge, fraud or whatever ? with the currentC scheme, it is the customer who gave up access to their checking account… that is a deal killer.

    1. Yes, we’ll see how many customers are willing to give retailers direct access to their checking accounts, while concurrently giving up the leverage they currently have with credit card sales for fraudulent purchases or returns.

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