News stories featuring CVS Pharmacy:
November 10th, 2016
The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer…
August 12th, 2016
Customers at US pharmacy chain CVS can now make purchases by presenting an on-screen barcode at the point of sale using CVS Pay, the retailer’s own mobile payment service. The feature has been integrated into the existing…
July 13th, 2016
US pharmacy chain CVS is testing support for Apple Pay and is “evaluating” mobile payment options, according to AppleInsider. “Accounts of miscellaneous CVS locations accepting Apple Pay transactions have occurred for about a month on Twitter, and a tip received by AppleInsider suggests transactions are working at a location in Key West, Florida,” the publication reports. CVS is a member of US retailer-led consortium MCX, which ended its CurrentC mobile wallet pilots in June 2016. The pharmacy chain also turned off support for NFC in the wake of Apple Pay’s launch in October 2014.
October 15th, 2015
US retailer-led consortium MCX is expanding its CurrentC mobile wallet pilot to further locations across Columbus, Ohio, making it available for use in nearly 150 stores. New participating retailers include Kmart, Sam’s Club, Sears and…
April 29th, 2015
MCX CEO Dekkers Davidson has left the retailer-led consortium to “pursue other opportunities” in the same week it was announced that founder member Best Buy will roll out support for rival mobile payments service Apple…
April 28th, 2015
US retail giant Best Buy, a founder member of retailer-led consortium MCX which requires members to exclusively support its own yet-to-launch mobile payments service, has announced that it will accept Apple Pay NFC payments in…
November 4th, 2014
The exclusivity rule that prevents members of MCX from accepting other mobile payments services in their stores will expire in “months, not years,” CEO Dekkers Davidson has told Re/Code. Davidson also “flatly denied that MCX had ordered CVS to turn off Apple Pay,” the report adds.
October 31st, 2014
MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson…
October 29th, 2014
“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”
October 28th, 2014
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.
October 28th, 2014
“Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers,” says Mallory Duncan, senior vice president of the…
October 28th, 2014
“The decision by CVS and Rite Aid to block mobile payments services like Apple Pay, Google Wallet and Softcard is anti-consumer and anti-competitive,” says US-based trade body the Electronic Transactions Association (ETA), following the MCX consortium…
October 27th, 2014
US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay.
September 8th, 2014
The list of retailers that look set to accept Apple’s new mobile payments service now includes CVS and Walgreens according to Re/Code and Disney, according to 9to5Mac, which adds that Apple is installing additional Gimbal Series 20 Bluetooth beacons in its stores. Also expected to support Apple mobile payments, according to earlier reports, are Nordstrom, Macy’s and McDonalds with the launch date most likely to be 15 September.
September 3rd, 2014
Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called…
August 15th, 2012
Walmart, Target, 7-Eleven, Best Buy, Publix, Sears, Shell and Sunoco are amongst a dozen major merchants that have formed a new company called Merchant Customer Exchange (MCX) that will provide an alternative to services like Isis and Google Wallet.
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