Apple Pay faces challenges


Bloomberg: Apple’s mobile payment technology has encountered problems after CVS Health Corp. and Rite Aid Corp. disabled the service in their drugstores.

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Bloomberg: Apple’s mobile payment technology has encountered problems after CVS Health Corp. and Rite Aid Corp. disabled the service in their drugstores.

CVS and Rite Aid are among 220,000 U.S. merchants that already have technology in place to read the short-range wireless signals that enable customers of Apple Pay or similar services to make a purchase by waving their smartphones. The retailers weren’t among those specifically named as accepting Apple Pay when the iPhone maker revealed its system last month.

The drug retailers stopped Apple Pay last week, said a person familiar with the situation who asked not to be named. The website MacRumors.com earlier reported that the stores disabled so-called contactless payment systems, and Slashgear.com published a purported internal memo in which Rite Aid says it is instead focusing on the consortium’s system.

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