Target is said to be working on its own mobile payment system which would be similar to Walmart Pay. The rumor raises questions on the viability of CurrentC, which is the mobile wallet being developed by several retailers.
Apps/Software December 19, 2015
After initially refusing to accept NFC mobile payments in support of still unavailable CurrentC, Rite Aid now has a change of heart.
Business August 12, 2015
Home Depot is looking to sign up as an Apple Pay partner, contradicting inaccurate reports that the retail giant has dropped support for the mobile payment platform.
Business May 7, 2015
Samsung has announced the acquisition of LoopPay, a mobile payment service that the company is expected to use to launch a mobile payment service of its own. But does Samsung have a chance in the increasingly competitive mobile payment industry?
Business February 20, 2015
Mobile payments are gearing up for a big year thanks to several factors, including the launch of Apple Pay and retailer incentives to consumers to use the technology. But as industry watchers note, there are still a few challenges to hurdle before mass adoption.
Apps/Software January 6, 2015
MCX's CurrentC isn't live yet, but it has already been hacked. The security breach has prompted the retailer consortium to re-evaluate its strategy, which may include support for the Apple Pay after all.
Money October 30, 2014
Apple Pay rival CurrentC has been hacked and a number of emails stolen during a testing phase of the new mobile payment service. The news comes as a blow to the MCX, the group behind CurrentC, which is attempting to build consumer trust before the official launch of the app.
Apps/Software October 29, 2014
Walmart, CVS and Rite Aid have disabled support for Apple Pay in favor of a bulkier, less secure solution called CurrentC, which will not be around until next year.
Business October 29, 2014
There have been ups and downs early on as Apple Pay attempts to drive deep into the mobile payments market. But for Apple CEO Tim Cook, the struggles of his company's virtual wallet platform pale in comparison with its victories.
Apps/Software October 28, 2014
Jack Ma, the richest person in China, wants to join forces with Apple CEO Tim Cook on an endeavor to expand Apple Pay. Though Apple's virtual wallet system has had its challenges, it welcomed more than 1 million new accounts within its first 72 hours of availability, says Cook.
Apps/Software October 28, 2014
CVS and Rite Aid pull support for Apple Pay as they explore other options. As members of the rival MCX network, they may already have a strong idea in which direction they'll head for a virtual wallet platform.
Apps/Software October 27, 2014
CVS is now the second major retailer to cut support for NFC payments, which includes payments using Apple Pay and Google Wallet. The ending of support is likely because CVS and Rite Aid, along with other retailers, plan to launch their own mobile payment system in early 2015.
Business October 27, 2014
Wal-Mart is not taking Apple Pay payments and will roll out its own mobile payment system instead. Will CurrentC be enough to beat Apple Pay?
Phones/Tablets/Mobile Tech September 15, 2014