From DailyTech: Apple launched its Apple Pay wireless payment service last week to much fanfare. Apple Pay allows iPhone 6 and iPhone 6 Plus users to make quick, secure payments using their stored credit cards.
Speaking at the WSJ.D conference in Laguna Beach, California yesterday, Apple CEO Tim Cook noted that over one million credit/debit card transactions were processed using Apple Pay within its first 72 hours of availability.
"The early ramp looks fantastic," said Cook.
However, iPhone 6/iPhone 6 Plus users ran into a bit of a snag over the weekend when CVS and Rite Aid pulled their unofficial support for Apple Pay by disabling the NFC capabilities in their registers. This action had the side effect of also disabling Google Wallet transactions.
Walmart, the largest merchant in the MCX consortium, released the following statement to Business Insider about the current “skirmish”:
There are certainly a lot of compelling technologies being developed, which is great for the mobile-commerce industry as a whole. Ultimately, what matters is that consumers have a payment option that is widely accepted, secure, and developed with their best interests in mind. MCX member merchants already collectively serve a majority of Americans every day. MCX’s members believe merchants are in the best position to provide a mobile solution because of their deep insights into their customers’ shopping and buying experiences.
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