Mobile payment misstep: CVS and RiteAid disable NFC, Apple Pay, Google Wallet — Tech News and Analysis

Well, here we go again. The battle of the standards begins again. It seems that every time we get something that will benefit the consumer, someone else (late to the game) says otherwise. Not because it’s a better technology, but more often than not, it is because they want to control the standard.

This really doesn’t help the consumer at all, the NFC chip payment system is already in place and working in Europe, and we do not need any “competition” here. Consumers want security when they use their Credit cards, and other electronic transactions. Apples implementation of their payment system has already impressed security experts, so why the big turn around? It makes no sense other than the corporate owners of CVS want to control the standard at the detriment of the consumer.