Apple Pay Tussle Presages Long Fight Over Mobile Payments
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The decision by CVS Health Corp. and Rite Aid Corp. to block Apple Inc.’s mobile-payment technology presages a long fight over the fees and customer data collected when people use smartphones to buy stuff.
Along with companies such as Wal-Mart Stores Inc. and Best Buy Co., which have said they won’t use Apple Pay, the pharmacy chains are holding out for a retailer-developed mobile-payment system known as CurrentC that’s slated to debut next year.