Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Apple Pay at CVS

Grocery Wars

Apple Pay at CVS, 7-Eleven, and Square

Entering CVS Health (NYSE: CVS) is a major coup for Apple Pay, because CVS operates 9,000 pharmacies and 1,100 Minute Clinics. Moreover, CVS Health is a major prescription processor that is acquiring the health insurance giant Aetna (NYSE: AET).
News reports did not say if the CVS Health pharmacies in Target (NYSE: TGT) stores will accept Apple Pay. Like, Walmart and Kroger (NYSE: KR) Target has been a notable Apple Pay holdout.
In addition, convenience store operator 7-Eleven will accept Google Pay and Apple Pay at its stores. 7-Eleven is accepting NFC payments , Retail Dive reports. However, Retail Dive did not say if 7-Eleven gas pumps will accept NFC payments.
Importantly, 7-Eleven operates nearly 8,000 stores nationwide. Acceptance by 7-Eleven is important because it shows working-class accept of mobile payment. To clarify, most of 7-Eleven’s customers are working-class Americans with limited incomes.

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Good StocksStocks

Apple Pay in China and at Trader Joe’s

The list of Apple Pay retailers demonstrates that Tim Cook is still having serious problems promoting the solution. The nation’s largest and most profitable retailers are resisting Apple Pay, while many troubled brands are accepting it.

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