By Jose Pagliery @Jose_Pagliery October 27, 2014
CVS and Rite Aid have stopped accepting Apple Pay, dragging customers into a confusing and annoying fight over payment politics.
The drug stores are part of a consortium of major retailers who oppose mobile payment technology like Apple Pay, mainly for two reasons.One, they want to escape the 1.5% to 3% fees they pay every time you swipe your credit card. Two, they want to keep collecting data on shoppers.
To do this, the group started the Merchant Customer Exchange to develop their own payment network. The network is called CurrentC, and while it's only a coupon-and-rewards smartphone app now, it's designed to one day let you pay at the register without using your credit card.
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