CVS Joins The Mobile Payment System Club With CVS Pay
Meet CVS Pay, the company's very own mobile payment system that customers can easily use within the CVS Pharmacy app.
If you've ever shopped at a CVS pharmacy, you might have noticed they don't accept any type of mobile payment, like Apple Pay.
That is, until now. Meet CVS Pay, the company's very own mobile payment system that customers can easily use within the CVS Pharmacy app.
Right now, CVS shoppers either have to present their CVS rewards card at checkout or give their name and birthday to the cashier to look up their account information.
Then, after their items are rung up, they have to pay.
But with CVS Pay, customers can leave their wallets at home. All you need to get rewards and make payments at the store is right there inside the app.
As CVS' chief digital officer told TechCrunch, "With one scan, we're taking away three or four extra steps that customers have lived with for a long time."
Many media outlets have compared CVS' new system to the Starbucks app and rival Walmart's app, where users can store credit card information, make payments and earn rewards all by using their smartphone.
But the focus of CVS Pay is making prescription pick ups easier. The app will let you store card information for Flexible Spending Accounts and Health Spending Accounts to make splitting purchases a breeze. And the app will even work at the pharmacy drive-up window.
And CVS' move comes at a time when mobile payment system usage is expected to soar.
According to a report from eMarketer, nearly 1 in 5 smartphone users are expected to use mobile payments this year. That's up nearly 62 percent from 2015.
CVS Pay officially launched Thursday in select stores in New York, Pennsylvania, New Jersey and Delaware. The feature is expected to be available nationwide by the end of the year.
This video includes clips from CVS Health and images from Getty Images.
McDonald's Among Companies Trying To Stop California Minimum Wage Hike
In-N-Out, Chipotle, Starbucks, Chick-Fil-A, Panda Express, and Domino's are among several companies opposing the $22 an hour minimum wage increase.By Nam Y. Huh / AP
E.W. Scripps CEO shares his thoughts on the changing news industry
Adam Symson sits down with Scripps News' Christian Bryant to explore news industry challenges and why he has hope for the future of media.By Scripps News
How to navigate recent Airbnb changes
Airbnb — and other rental websites — are introducing new changes to make things easier for travelers and hosts.By Patrick Semansky / AP
Eagles soar into Super Bowl, rout 49ers for NFC title
The Eagles won the Super Bowl five years ago with a different coach and quarterback.By Matt Slocum / AP
SCORPION Unit disband could change citizens perception of police dept.
The SCORPION Unit was supposed to reduce crime in Memphis residential hot spots.By Gerald Herbert / AP
Memphis residents express outrage at memorial for Tyre Nichols
One neighbor — a retired police officer of 40 years — said the Memphis Police Department has gone downhill.By Scripps News