Ron Burgundy Posted October 27, 2014 Share Posted October 27, 2014 By Nandita Bose and Nathan Layne CHICAGO (Reuters) - Some large U.S. retailers are refusing to use Apple Inc's new electronic payments service as they commit to developing a rival payments system that would bolster their profits by eliminating credit card transaction fees. Wal-Mart Stores Inc is among the roughly 50 big retailers that have chosen not to accept Apple Pay, along with Rite Aid Corp and CVS HealthCorp . They say they are working instead on developing their own payment system, called Current C, through the Merchants Customer Exchange (MCX) consortium. ... View the full article Quote Link to comment Share on other sites More sharing options...
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