Thursday, October 23, 2014

Rite-Aid's Payment Processor Prejudice: Unlawful Tying?

Rite-Aid, which supported both Google Wallet and Apple Pay until just recently, halted its use of both payment processors – apparently in favor of a payment processor it will co-own.  Is Rite-Aid alone in this, or is it a boycott?  Even if it's not a boycott, isn't tying the purchase of a service to the purchase of some other good or service an indication that a market participant is using market power to create a monopoly?

More news as the payment processor competition heats up.

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