Oct
27
Apple Pay Runs Into Roadblock
Posted in: UncategorizedApple’s mobile payment technology ran into a roadblock a week after its introduction as CVS and Rite Aid, part of a consortium developing a competing system, disabled Apple Pay in their drugstores.
CVS and Rite Aid are among 220,000 U.S. merchants that already have technology in place to read the short-range wireless signals that enable customers of Apple Pay or similar services to make a purchase by waving their smartphones. The retailers weren’t among those specifically named as accepting Apple Pay when the iPhone maker revealed its system last month.
The drug retailers stopped Apple Pay last week, said a person familiar with the situation who asked not to be named. CVS has about 7,700 retail pharmacies and Rite Aid has about 4,570.
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