How CVS and Rite Aid’s wrongheaded war against Apple benefits Walgreens<article>
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Rite Aid and CVS weren’t official Apple Pay launch partners, but shoppers armed with new iPhones found that the chains had near-field communication card readers that were compatible with the new mobile payment system—at least for a few days. Over the weekend, both companies
blocked NFC recognition, uniting enraged iPhone and Android users and inspiring plans to boycott both chains.</p><p>
The drugstore companies are members of the Merchant Customer Exchange, a group of retailers developing their own
mobile payment solution called CurrentC. Walmart, Best Buy, Gap, and other major chains are also throwing their weight behind CurrentC, which doesn’t roll out until next year. Details of how CurrentC will work are still fuzzy, but we know that the solution is a mobile app that bypasses credit cards—and the associated merchant fees—by linking directly to customers’ checking or savings accounts.</p><p class="jumpTag"><a href="/article/2838927/how-cvs-and-rite-aids-wrongheaded-war-against-apple-benefits-walgreens.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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How CVS and Rite Aid’s wrongheaded war against Apple benefits Walgreens
