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Katie Benner

Attention, Wal-Mart Shopper: Apple Pay Isn't for You

To predict which mobile payment system will thrive, consider the battle between eBay and Paypal. 
Hi there, how's your credit rating?
Hi there, how's your credit rating?

If retailers roll out a mobile wallet that bypasses the major credit card networks, which types of consumers benefit? Will the payment network, ultimately, catch on?

These questions became more that just hypothetical amid reports that Rite Aid and CVS disabled the use of Apple Pay at the checkout counter. The stores are presumably trying to scupper Apple's mobile wallet rollout because they are part of a consortium developing a mobile payment product of their own, CurrentC.