Apple Pay becomes a hard pill to swallow for CVS

Apple Paying the price.

Apple Pay-ing the price.

Apple's new NFC mobile payment system -- Apple Pay -- has received generally positive reviews from users and journalists alike. On the other hand, a group of retailers known as Merchant Customer Exchange recently had a less-than-enthusiastic reaction to Apple's new wireless wonder. So unenthused, the group has now blocked all NFC-based payment systems.

This NFC non grata move has iPhone users feeling none too happy. They are now paying the companies -- not money -- but a piece of their mind.

In IT Blogwatch, bloggers crack open their checkbooks.

Filling in for our humble blogwatcher Richi Jennings, is a humbler Stephen Glasskeys.


Matt Hamblen has been battling for nearly 20 years:

[Moves] by Rite Aid and CVS to stop taking mobile payments from Apple Pay...stem from a protracted battle between major U.S. retailers and Visa and MasterCard.

The battle goes back to at least 1996, when...big retailers filed a class-action lawsuit arguing that Visa and MasterCard violated antitrust laws.  MORE


Then Nick Mediati plugs a leak:

CVS's reasoning behind the end of NFC support is simple enough: Leaked internal documents...indicate [CVS] is "currently working with a group of large retailers to develop a mobile wallet" system that should be up and running...next year.  MORE


Caitlin McGarry tries to pay with vapor-ware:

The drugstore companies are members of the Merchant Customer Exchange, a group of retailers developing their own mobile payment solution called CurrentC.

The MCX payment process as we understand it is nowhere near as simple or secure as Apple Pay, though CurrentC is still in development.  MORE


Martyn Williams can't contain his enthusiasm:

[Apple Pay] on the iPhone 6 saw 1 million activations in its first three days of use, pointing to an initially enthusiastic response from Apple users.

The number was revealed by Apple CEO Tim Cook during an on-stage interview late Monday.  MORE


Iain Thomson tames this payment beast:

There's [a] point that no industry sector wants to let Apple dictate terms. Steve Jobs...browbeat the music industry into accepting iTunes, and other companies...aren't keen to let Cupertino have the whip hand again.  MORE


Yoni Heisler loves to spend free money:

Wells Fargo yesterday began a new promotion offering customers a $20 credit the first time they try out Apple Pay.

But not everyone out there is feeling the Apple Pay love.

The rub here is that retailers [supporting] CurrentC are not allowed to support [other payment platforms]. In short, this is nothing more than anti-competitive behavior...and only serves to benefit retail companies.  MORE


Meanwhile, hardened Mike Elgan is a dangerous customer:

Meet the retailers out to kill Apple Pay  MORE

 


You have been reading IT Blogwatch by and Stephen Glasskeys, who curate the best bloggy bits, finest forums, and weirdest websitesÖ so you don't have to. Catch the key commentary from around the Web every morning. Hatemail may be directed to @RiCHi or itbw@richi.uk. Opinions expressed may not represent those of Computerworld. Ask your doctor before reading. Your mileage may vary. E&OE.

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