After CVS Pharmacy and Rite Aid stopped accepting Apple Pay and Google Wallet at their retail stores to avoid credit card fees, Schubert Jonckheer & Kolbe are launching an investigation against them. Basically, to avoid NFC fees, the merchants developed their own mobile wallet solution, called CurrentC. CurrentC uses a generated barcode as the method of payment. That's all fine and dandy, except for one thing: people don't want to have to get another app and it's less secure! Okay, I guess that's two things. Remember when Target and The Home Depot had credit card information stolen? Personal information has already be stolen with CurrentC. Schubert Jonckheer & Kolbe are "investigating whether CVS and Rite Aid violated the antitrust laws by banding together with other MCX members in a decision to boycott other payments systems, including Apple Pay."
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