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

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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