Items tagged with NYSE:RAD
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...
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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...
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