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    Default Walmart vs. Visa With Apple Pay caught in the middle


    Credit card transaction rates are still a contentious point with merchants and retailers and newer digital wallets like Apple Pay and the forthcoming CurrentC developed by the consortium known as MCX, which counts Rite Aid, CVS, and Walmart among its members, are caught in the middle. The issue brought up at the recent Money 2020 conference is how systems like Apple Pay handle card transaction rates between in-store and in-app purchases, and it was an issue raised by Walmart executive Mike Cook during a Q&A session.

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