Roger Fingas
Pharmacy chain Rite Aid on Tuesday annnounced that starting August 15, all of its U.S. stores will begin offering Apple Pay and other wireless payment options, marking a turnaround for a company that last year intentionally blocked Apple's mobile payment system.
Aside from Apple Pay, Rite Aid will be accepting Google Wallet and various tap-and-pay cards. When it launches alongside Android M later this year, Android Pay will likewise become an option. Rite Aid has almost 4,600 stores across the country.
In October 2014, Rite Aid and fellow pharmacy chain CVS briefly supported Apple Pay, but then suddenly shut off access. Both companies are a part of the Merchant Customer Exchange, or MCX, which is developing its own payment platform called CurrentC. A trial run of the technology could begin as soon as this month.
MCX has imposed exclusivity agreements on its members, but Bloomberg sources previously said that these should be ending in August, which may explain Rite Aid's timing. Another MCX member, Best Buy, said in April that it would have Apple Pay by the end of the year.
Though Apple Pay has encountered its share of adoption problems, it remains one of the most popular mobile payment methods and thus may be considered essential to support, regardless of previous agreements.
CurrentC will allow supporting retailers to minimize fees paid to financial services while simultaneously holding on to more customer data than something like Apple Pay. For the customers themselves, though, CurrentC uses a less convenient QR code system, and requires linking either a store-issued card or a checking account.
Charles Martin
Malcolm Owen
William Gallagher
Christine McKee
Wesley Hilliard
Andrew Orr
29 Comments
And then there were two ...
Hopefully this also means that CVS will start accepting Apple Pay.
Yeah, now I can finally go back to Rite-Aid and buy Thrifty Ice Cream... Been missing Chocolate Krunch.. Stopped going when they stopped taking my Apple Pay..
[quote name="TzTerri" url="/t/187672/rite-aid-to-begin-taking-apple-pay-other-wireless-payments-on-aug-15/0_10#post_2759360"]Hopefully this also means that CVS will start accepting Apple Pay.[/quote] If we see a story so where CVS will be accepting Apple Pay we will probably assume it's reactionary but I doubt that's the case. No single retailer is likely to cause another retailer to jump on board. It's about the overall ecosystem, customer demand, cost v profit which includes potential loss of certain data mining, and, as is the case with CVS, getting out from under their CurrentC contractuall bligations (which I have to assume are expiring soon).
[quote name="ppartekim" url="/t/187672/rite-aid-to-begin-taking-apple-pay-other-wireless-payments-on-aug-15/0_10#post_2759389"]Yeah, now I can finally go back to Rite-Aid and buy Thrifty Ice Cream... Been missing Chocolate Krunch.. Stopped going when they stopped taking my Apple Pay..[/quote] Their foolish part wring with MCX aside, I really like CVS in terms of selection, cleanliness and customer service, but if Rite Aid will be accepting Apple Pay and isn't much further away I think I'll support them to help push Apple Pay's growth* by moving my prescriptions from CVS to Rite Aid, even if they seem dirtier and worse at customer service. * I believe Apple Pay everywhere CC's are accepted is inevitable but I want to help speed up the time frame