Pharmacy retailers Rite Aid and CVS have both announced that they've disabled their near field communication payment systems, thereby also disabling both Apple Pay and Google Wallet.
No one is saying why officially, but some experts speculated that it's because Apple Pay poses a threat to CurrentC, a mobile payment scheme being developed by a retail consortium called the Merchant Customer Exchange, or MCX.
The exchange is headed by Wal-Mart and includes Best Buy, Old Navy and Target, among others.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.