Apple reportedly adds CVS and Walgreens to list of mobile remuneration partners

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Friday, Sep 05, 2014, 03:26 pm PT (06:26 pm ET)

Less than one week before Apple is approaching to announce a new iPhone, and presumably “iWatch,” during a special eventuality on Sept. 9, a news on Friday claims a association has inked partnerships with CVS and Walgreens for a rumored mobile payments complement debut.

Touch ID

Citing an unknown source, Re/code reiterated reports that Apple is planning to announce a mobile payments resolution during a arriving media event, adding that CVS and Walgreens are among a initial partners.

While a specifics of a understanding went unreported, a announcement claims both drug store bondage will accept a “new iPhone remuneration system” during 15,000 total brick-and-mortar locations. The large implement bottom would be a vital win for Apple, that needs far-reaching consumer adoption for a successful launch.

Apple and Walgreens declined to comment, yet a orator for CVS claimed no believe of a rollout, saying, “We don’t know what Apple might be formulation in terms of a remuneration complement so it is not probable for us to contend either it is something a stores might be means to accept.”

Along with CVS and Walgreens, Apple is also rumored to be in talks with Nordstrom over adoption of a e-wallet solution.

Apple’s supposed “iWallet” complement is pronounced to rest on near-field communications (NFC), as good as other wireless protocols, to promote touch-less purchases during concordant point-of-sale terminals. The next-generation iPhone is approaching by some to be a initial device to embody a functionality, yet a news yesterday pronounced a much-rumored “iWatch” may also support a new protocol.

Most recently, a news on Thursday claimed Apple had reached agreements with a series of card-issuing banks for reduce transaction fees. Usually, credit label payments processors assign opposite fees for “card present” and “card not present” transactions, a latter covering touch-less solutions like NFC and barcode readers. Apple presumably negotiated a “card present” rate for a rumored iWallet, and an additional bonus in lapse for holding on intensity rascal risk.

In further to banks, credit label companies American Express, Visa and Mastercard are all pronounced to be on house for launch.

AppleInsider will be on palm for Apple’s Sept. 9 eventuality and readers can get real-time updates pushed to their iPhone and iPad around a central AppleInsider app.

In : Tech

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