Date: Wednesday, November 5th, 2014, 11:34
Category: iOS, iPhone, News, retail
The conflict between MCX’s CurrentC and Apple Pay may be short lived, as an exclusivity agreement that has caused some merchants involved in the MCX consortium — notably drug store chain CVS — to abruptly pull support for NFC-based payment systems, including Apple Pay and Google Wallet, is set to expire in “months,” according to a new report.
Per Re/code, the consortium, which is made up of a number of major retailers including CVS, Best Buy, and Wal-Mart, instituted the exclusivity contract to provide “breathing room” for the development of the CurrentC ecosystem, said MCX CEO Dekkers Davidson. That contract is set to expire in “months, not years,” Dekkers added.
Confirmation of the exclusivity agreement comes one week after the arrangement was first uncovered, following reports that CVS had disabled NFC terminals in its stores to prevent customers’ use of Apple Pay.