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CVS and Rite Aid Officially Disable Apple Pay Support At Stores Nationwide

I think both CVS and Rite-Aid are feeling the heat of a LOT of negative publicity of this issue. I wouldn't be surprised that behind the scenes, CVS and Rite-Aid are negotiating a buyout of their stake in MCX to avoid the real possibility of really starting to lose higher-income customers to Walgreens. And a number of fast-food restaurant chains that are supporting CurrentC now publicly may be quietly re-assessing their investments in MCX for the same reason.
 
LordJohnWhorfin said:
I don't see anything stopping them.

The same way nothing is stopping me from shopping at Walgreens -- which I was already doing since CVS charges artificially inflated prices on everything and you need to use their rewards card in order to get regular prices, effectively allowing them to track your purchases.

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Great for the poor schlub paid minimum wage who's going to have to reshelf all that crap... I empathize with your feelings about RiteAid and CVS but behaving like a jerk is not really going to help. This is a decision made at corporate level. Now if you want to go to the Rite Aid CEO's executive bathroom and leave an upperdecker, you have my full support.
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No one's forcing said "poor schlub" as you put it, to ring cash registers at Rite Aid. Restocking unsold merchandise back onto store shelves is part of the job in retail.
 
apolloa said:
Well as you are about the forth person the say the exact same thing :rolleyes: I will quote you, but I remember reading on here that it would cost stores extra to support the Apple pay system hence my comment, that they can't have a one system fits all put in place. I believe it was a story and in the comments sections on here. So I guess now the actual facts of how it works are out then Apple Pay will work with existing NFC terminals?
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Two comments here:

1) Apple's 0.15% cut comes from the existing ~3% cut the processors/banks take from CC transactions.
2) NFC terminals are extra expense, but these retailers already spent on them. Apple's rollout now is timed when a lot of merchants will need to look at buying hardware for chipped cards over the next year. Apple is hoping that with them, Softcard, MasterCard PayPass, and Visa PayWave which all use NFC, they can encourage merchants to opt into NFC enabled terminals at the same time.

So I'm not sure what point you are trying to make. From the merchant's end, if they are already enabled for NFC, point 2 doesn't apply, and point 1 doesn't change the fees merchants pay for the transaction, nor is it different than the CC fee they'd pay if I swiped the card that my phone is attached to.

Ther merchants don't gain zip here if the choice was: phone attached to my CC vs my CC.
 
Sasparilla said:
Better management. Target (like Home Depot, Dairy Queen, Staples etc.) had a recent huge security issue with customers credit card data (end of last year - who wants retailers to get access to your checking acounts with CurrentC?) and don't want to piss them off further (so far, their management isn't so shortsighted as CVS/Wrong Aid) and loose more sales.

I will reward Target for as long as their management allows customers to pay how they like (i.e. NFC).
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So wait, does this mean that target is temporaraly accepting NFC?
 
CVS and Rite Aid Officially Disable Apple Pay Support At Stores Nationwide

mrcobra92 said:
So wait, does this mean that target is temporaraly accepting NFC?
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No. Target takes ApplePay in their app for online purchases. They don't accept it in stores. Many (maybe all) stores have hardware that could accept NFC purchases, but they never have had it turned on. So they didn't pull the same move as CVS/RiteAid and disable something that had been working.
 
CyBeRino said:
I believe cards without are being issued already, and they will become more common over the next year or so.
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These are VPAY cards though as only work in Europe anyway, so it doesn't really matter. Some banks restrict Maestro for magstripe as well but that also doesn't work in the US very well as most acquirers don't support it.
 
Krevnik said:
Two comments here:

1) Apple's 0.15% cut comes from the existing ~3% cut the processors/banks take from CC transactions.
2) NFC terminals are extra expense, but these retailers already spent on them. Apple's rollout now is timed when a lot of merchants will need to look at buying hardware for chipped cards over the next year. Apple is hoping that with them, Softcard, MasterCard PayPass, and Visa PayWave which all use NFC, they can encourage merchants to opt into NFC enabled terminals at the same time.

So I'm not sure what point you are trying to make. From the merchant's end, if they are already enabled for NFC, point 2 doesn't apply, and point 1 doesn't change the fees merchants pay for the transaction, nor is it different than the CC fee they'd pay if I swiped the card that my phone is attached to.

Ther merchants don't gain zip here if the choice was: phone attached to my CC vs my CC.
Click to expand...

I wasn't making any point at all, you read my comment out of context and made an incorrect assumption.
 
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