Walmart Rejects Apple Pay For Rival Payments Service

“Instead, the country’s largest retail chain will throw its considerable clout behind a service under development by Merchant Customer Exchange, which is owned by Walmart itself and several other retailers, including 7-Eleven, Best Buy, Darden Restaurants, Shell Oil and Target.  MCE’s CurrentC Network is expected to debut in more than 100,000 retail locations in 2015. It lets consumers pay for goods with an Android or iOS app.  Merchants on board with Apple Pay, meanwhile, include Bloomingdales, McDonald’s, Staples, Disney and Macy’s.  Competing mobile payment networks could put consumers and businesses in the unwieldy position of having to deal with incompatible standards.”

http://www.ibtimes.com/walmart-rejects-apple-pay-rival-payments-service-1687016

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