Professor Elam

Tuesday Oct 28, 2014

Apple has a new system named Apple Pay. As always it is simple and elegant. 

Meanwhile Wal Mart has spearheaded another approach labeled Current C.

Current C requires several steps to complete a transaction, Apple only requires one. 

But CVC and Rite Aid shut out Apple yesterday. Asked if Current C woudl succees, Wal Mart replied, who knows, just as long as it hurst Visa. 

And so WMT wants the 2% VIsa is making.