Angry Tim Cook Issues Veiled Threat At Retailers Shunning Apple Pay

Despite the mainstream media’s effusive celebration of ApplePay – despite numerous payment systems and NFC devices alreadt existing and failing to achieve any paradigm shift – it appears Tim Cook has pushed his company into an area of competition he was not full prepared for. Seemingly expecting the world’s retailers to embrace the ‘unique’ payment system, first Wal-Mart & Best Buy, then CVS and now Rite-Aid have all blocked ApplePay. While proclaiming the success of signing up over a million credit card users in the first 72 hours, Cook seemed ticked off at the retailers who blocked him, “it’s a skirmish,” he said, as Reuters reports, jabbing “merchants have different objectives sometimes. But in the long arc of time, you only are relevant as a retailer or merchant if your customers love you.”

This post was published at Zero Hedge on 10/28/2014.