Correct, BUT - this is why they are looking at ANITI-TRUST violations. It is against the law to collude with other merchants on such things. Its akin to price fixing. It probably won't work, but there are precedents.
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Law Firm Investigating Potential for Class Action Suit Against Rite Aid and CVS for Blocking Apple Pay
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Correct, BUT - this is why they are looking at ANITI-TRUST violations. It is against the law to collude with other merchants on such things. Its akin to price fixing. It probably won't work, but there are precedents.
A consortium consisting of a bunch of merchants, none of whom have a near monopoly in their respective markets, not accepting your favored solution is really not comparable to all the major players in a certain market using their collective monopoly to crush competitors.
What lawsuit ??
What exactly did they break ?
It's entirely up to them.... If they loose customers because of it, that's their problem, no one else's.
No one bocotted anything.. It's just an excuse to take them to court over nothing..
There is no proof.
What exactly did they break ?
It's entirely up to them.... If they loose customers because of it, that's their problem, no one else's.
No one bocotted anything.. It's just an excuse to take them to court over nothing..
There is no proof.
Maybe I'll start paying for my prescriptions with COINS.
My vet won't take American Express for which I could earn cash back. Should I complain about that?
Businesses should take ANY legitimate form of payment. However, the credit card companies are getting a percentage of every transaction, and this is the main reason for the MCX consortium. It WILL make many customers unhappy.
I'm sure the suit will not go anywhere but it's still more bad publicity for MCX and CurrentC 
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I have and will not shop CVS or RITE AID until they Issue an apology for intentionally blocking a system that they ALREADY had in place.
This whole thing is complete BULL-HONKEY. They already were accepting NFC payments this whole time. They were accepting a competing payment system. They were just pissed because people started actually using it.
I say too bad, I've already taken my prescriptions to Walgreens.
Good luck CVS your days are numbered.
This whole thing is complete BULL-HONKEY. They already were accepting NFC payments this whole time. They were accepting a competing payment system. They were just pissed because people started actually using it.
I say too bad, I've already taken my prescriptions to Walgreens.
Good luck CVS your days are numbered.
I saw nothing in that guideline as being at issue here.
MCX and their member merchants don't have the market power to prevent the emergence of competing mobile payment providers/systems.
Also, the MCX program is not fully up and running, so it lacks that element as well.
You need to get your head examined if you believe MCX has this level of power over Apple Pay's viability.
Worth the effort
I don't carry cash it spends too easy and there is no record of where all my money has disappeared.
I'm going to use the same credit/debit card wether I use ApplePay or not and with ApplePay, Apple has negotiated reduced swipe fees so the retailer actually makes more money on the sale. And it's really cool to see how much you use your Apple Pay on your card statement.
As for you comment about Baskin Robbins and Nabisco it worked for Hostess you can now get Twinkies and Snoballs after a consumer uproar.
I don't carry cash it spends too easy and there is no record of where all my money has disappeared.
I'm going to use the same credit/debit card wether I use ApplePay or not and with ApplePay, Apple has negotiated reduced swipe fees so the retailer actually makes more money on the sale. And it's really cool to see how much you use your Apple Pay on your card statement.
As for you comment about Baskin Robbins and Nabisco it worked for Hostess you can now get Twinkies and Snoballs after a consumer uproar.
So we'll all get cents-off coupons to a drugstore and the lawyers will get new estates in the Hamptons... SMH
I'm equating the damage that can be done by powerful entities being unchecked with the naive notion that the market itself will take care of things.
And this is exactly the kind of thing that Apple was involved in. You have a consortium of business that is trying to use their collective power to disrupt an industry. Maybe this is only an inconvenience to customers, but it has the potential to put many other companies out of business through collision, so actually it might be even more serious than Apple's case but for businesses rather than consumers.
Most trade laws, the merchant has the right to dictate terms of payment with the customer having the right to refuse trade with the merchant. Unless there is a breach of contract over a previously agreed payment method, this is hard to favor the plaintiff in a court.
No that's irresponsibility. Do you think that people will purchase cheaper products from someone who pollutes as a moral stand? No, they will buy them anyway and when the rivers and lakes are barren the'll complain, but the damage is already done.
Do yourself a favor and google "Market Failures" and "The First Generation Problem" so that you understand that unregulated markets are a terrible idea. And for the record I am a republican, but also realize that unchecked capitalism can be devastatingly destructive.
I think the reduced fees are due to the more secure payment system: fees are not only profit, they also cover the costs of fraud protection. A more secure system means less frauds and less fraud-related costs.
That's not even true. Federal Reserve Notes are only required to be accepted as payment for existing debts. A retailer is not required to accept them at the point of initial sale.
You've totally missed the point. The issue is not that people can't use their iPhone to make a purchase. It's that a group of companies is colluding to disrupt the credit card industry.
The reason that they are blocking Apple Pay is because it sustains the power of banks and credit card companies and curentC is trying to destroy them. Since Rite Aid and CVS have revealed their true intentions by shutting off Apple Pay, people are now aware that there is a huge conspiracy going on and hence the questions about whether what they are doing is legal or not.
Boo Hoo, my local drugstore won't let me pull out my shiny new toy and pay for stuff.
I have a feeling this is more about not having an excuse to publicly display a new iPhone than convenience.
I have a feeling this is more about not having an excuse to publicly display a new iPhone than convenience.
Seriously? Have you used Apple Pay? Have you not heard anything about the data that has been stolen from major retailers over the past two years? I hope your data doesn't get stolen; but if it does, you'd be wise to take another look at Apple Pay.
