Just as mobile payments in the U.S. are gaining more momentum, some retailers are still jockeying for position with their own ideas.
Take, for instance, CVS and RiteAid: According to MacRumors, both companies shut down the NFC payment terminals they already had installed in their stores that accept contactless credit cards, Apple Pay and Google Wallet.
Why did they do this? Because they, along with others, have an alternative mobile wallet system in the works, of course.
That wallet system reportedly works with QR codes in an app called CurrenC, with the customer having to scan one while the cashier has to scan another. My understanding is that CurrenC is linked directly to a bank account, not a credit card, and if that’s correct, it’s going to be a non-starter for many.
For a mobile payment system…
View original post 223 more words