Apple Pay Meets Rite Aid, CVS Competition Roadblock

The video discusses the brewing conflict in the mobile payments industry, highlighting the divide between Apple and credit card companies backing Apple Pay, and retailers like Walmart and CVS supporting CurrentC. Retailers are motivated by the desire to avoid credit card fees and gain more customer data. The video explains how CurrentC works using QR codes and the implications of retailers blocking Apple Pay and similar services until CurrentC's launch in 2015.

What are the main players involved in the brewing war in the mobile payments business?

Why did CVS and Rite Aid turn off their near field communication?

What are the retailers hoping to achieve by cutting out credit card companies?

What are the potential benefits for retailers if they can market directly to customers?

How does the currency system differ from Apple Pay in terms of technology?