mobile payment

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2 Major Chains Dump Apple Pay

CVS-Rite Aid consortium reportedly working on own payment system for 2015

(Newser) - While buzz continues to build among consumers about Apple Pay , at least two retailers have already jumped ship: CVS and Rite Aid. But the drugstore chains didn't simply dump Apple Pay on a whim—they're part of MCX (short for Merchant Customer Exchange), a retailer consortium that's... More »

PayPal Is Spinning Off From eBay

Mobile payment service is fastest-growing segment of company

(Newser) - eBay is splitting off its fastest-growing segment, PayPal, the e-commerce company said today. Investors applauded the news, sending eBay's shares up nearly 7% in morning trading. The move comes after months of pressure from activist investor and billionaire Carl Icahn. eBay CEO John Donahoe had been adamant that splitting... More »

Apple Pay Could Be Revolutionary

The best reason to buy an iPhone 6?

(Newser) - There's a lot to like about the new iPhone 6—size, speed, software—but the most important feature is Apple Pay, Apple's new payment system, writes Rich Jaroslovsky at Quartz . Mobile-payment systems exist already from companies like Google and PayPal, but they haven't managed to pull in... More »

New iPhone May Be an E-Wallet

Apple reportedly teaming up with credit card companies for iPhone 6

(Newser) - For detractors who complain that their iPhones just don't do enough, Apple may be upping the ante. Rumors are swirling that when the iPhone 6 is unveiled on Sept. 9 , it's not only going to play music, surf the Internet, and make phone calls—it will also function... More »

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