Tag Archives: mobile payment

Why Rite Aid and CVS Stopped Taking Apple Pay | Businessweek

The introduction of Apple Pay last Monday was widely described as the dawn of a new era for smartphone payments. But within a week, two major pharmacy chains, Rite Aid RAD and CVS CVS, rejected Apple’s AAPL version of the future: Both disabled Apple Pay as well as other tap-to-pay mobile payments systems Google Wallet and Softcard. As expected, customers took to Twitter to complain, and they almost universally sided with the smartphone company over the drugstores.

CVS hasn’t publicly explained itself. Rite Aid spokeswoman Ashley Flower defended the company in an e-mail to Bloomberg Businessweek. “We are continually evaluating various forms of mobile payment technologies, and are committed to offering convenient, reliable, and secure payment methods that meet the needs of our customers,” she wrote.

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Twitter Launches Mobile Payments Before Facebook But Apple May Have the Last Laugh | Inc.com

smartphone-on-table-1725x810_27958Both Twitter and Facebook are competing with other tech giants, including Apple, Google, PayPal and the leading credit card companies to own the emerging mobile payment sector, which is immensely popular with consumers and has proven fertile territory for startups. More specifically, the leading technology companies are seeking an advantage in so-called peer-to-peer payments, which are typically smaller payments sent from one person to another. Individuals could use such payments, for example, when they are splitting a bill or to wire money.

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U.S. Bank, Visa to begin mobile-payment pilot | selfserviceworld.com

U.S. Bank and Visa Inc. soon will begin testing mobile payments in more than a dozen states that have stores which accept contact less payments.

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