Apple Pay and the Future of Contactless Payment

Michael McEnaney’s short article breaks down  the technology and players in smartphone payment industry.

“Timing is everything, the expression goes, and Apple’s appears to be pretty good on Apple Pay. The company’s competitors, however, have learned to be nimble as well. Apple’s new payment system is facing spirited competition, notably from a recently formed retail consortium (Walmart, Gap, Rite Aid and CVS, among others) called Merchant Customer Exchange, or MCX, that has created an app called CurrentC.”

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