Items tagged with NYSE:CVS

Amazon has been an incredibly disruptive force as the world’s most dominant online retailer. Not only has Amazon crushed other online retailers that have attempted to compete with it, but brick and mortar retailers have also come under immense pressure (or folded completely) due to the company's ever-growing footprint. Most recently, Amazon expanded its presence in the grocery market with the purchase of Whole Foods, and now the company is reportedly eyeing another adjacent leap into online prescription drug sales. According to a report from CNBC, Amazon will make a decision before Thanksgiving as to whether it will establish its first beachhead in the highly lucrative prescription drug market.... Read more...
The situation is heating up between Apple and retailers who are part of the Merchant Customer Exchange,a group that is developing its own mobile payment system called CurrentC. One of MCX’s primary members is Wal-Mart, which has said that it has no plans to support Apple Pay at its stores. “There are certainly a lot of compelling technologies being developed, which is great for the mobile-commerce industry as a whole,” said a Wal-Mart spokesperson to Business Insider. “Ultimately, what matters is that consumers have a payment option that is widely accepted, secure, and developed with their best interests in mind. MCX member merchants already collectively serve... Read more...
Competition is heating up between select retailers and Apple Pay. Earlier this week, Rite Aid took steps to shut down support for Apple and Google’s digital wallets. While the pharmacy chain was not an official Apple Pay partner, consumers were able to use the payment system with existing NFC payment terminals until a short while ago. But now, CVS is following suit. CVS sent an email to its stores saying that NFC support is supposed to be turned off and that the company will not accept Apple Pay. The email went on to say that cashiers should be instructed to apologize to the customer, explain that CVS does not accept Apple Pay, and then inform the customer that it will have its own mobile... Read more...