This past weekend, CVS and Rite Aid disabled Apple Pay and other - TopicsExpress

This past weekend, CVS and Rite Aid disabled Apple Pay and other tap-to-pay mobile payments from their stores. CVS, Rite Aid, Walmart, Best Buy, and other major retailers are part of the Merchant Customer Exchange, a consortium of big retailers that happens to be working on its own mobile payments app called CurrentC. CurrentC will cut out credit card networks and will only link to checking accounts. It is less secure than NFC and other encrypted technology used by Apple Pay and Google Wallet. CurrentC will also allow merchants to track what is bought and store the data- something Apple Pay doenst allow. goo.gl/daNRH0

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