The Reason CVS And Rite Aid Won't Take Apple Pay? Contracts
A large consortium of retailers are reportedly bound from using other mobile payment systems in favor of a standard called CurrentC.
When CVS and Rite Aid quietly pulled the plug on Apple Pay, the iPhone's new wireless payment wallet, over the weekend, it left customers confused. (Or with a bad taste in their mouths.) Word was, the sudden rift with Apple had something to do with CurrentC, a QR code-based payment standard that hasn't even debuted in stores yet.
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