Tim Cook, the head of Apple Inc., said that after CVS and Rite Aid blocked the iPhone maker’s mobile payment service at their stores on Monday, they said that there were a large number of other retailers from around the world registering for Apple’s payment. Apple introduced payment services about a week ago. Citing data from Visa and MasterCard, Cook said that the number of transactions has been more than the sum of all other "contact" payment methods.
By picking up the smartphone near a specially designed terminal, the user can then pay. Cooke told reporters at the Digital Live conference: "We've got a lot of merchants to sign up. We've got a lot of bank registrations and we've got users in other parts of the world." CVS and Rite Aid didn't explain them. Why stop using Apple payments? Analysts said: "The retailer now owns a mobile payment solution that can avoid payment transaction fees. The transaction fee per transaction is between 2% and 3%." Cooke said on Monday that Apple pays more than competitors' service offerings. Better security and privacy. When answering questions about retailers, Cooke said: "This is an encounter and there are different goals for investment promotion."
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