USA Today: CVS follows Rite-Aid, shuts off Apple Pay
Last Thursday drug store chain Rite Aid Inc. (RAD) reportedly stopped accepting payments made through the just launched Apple Pay system from Apple (AAPL). On Saturday, CVS Health (CVS) was reported to have followed suit at its CVS pharmacy stores.
The issue appears to be a conflict between Apple Pay and a mobile payment system called CurrentC that is being developed by a retailer-owned mobile technology outfit called Merchant Customer Exchange (MCX).
I'm sure you've heard about the above news already. For more information on this, TechCrunch wrote a great article all about CurrentC, how it works and why it even exists.