US retailers disabling NFC readers to block Apple Pay in favor of QR codes

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Retail heavyweights in the US are moving to block Apple Pay by simply disabling NFC readers in their Point of Sale terminals while working to release their own solution. A report by The Verge today showed that Wal-Mart, Best Buy, Rite Aid and CVS have moved to block Apple Pay by modifying their terminals to block NFC payments ahead of an alternative solution a group of retailers is working on called ‘CurrentC.’ The CurrentC mobile payment wallet is built by a group of retailers that formed in 2012 to cut credit card fees out of mobile payments and requires the...



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