Business Services Industry
CVS: Speed is aim; Stores will accept contactless cards to cut transaction time.(CVS Pharmacy Inc)(Brief Article)
Crain's New York Business, July, 2005 by butler, elisabeth
Byline: elisabeth butler cvs/pharmacy is doing something to alleviate long lines at its checkout counters. Last month, the drugstore chain finished installing contactless credit card terminals in its 400-plus locations in New York. The technology lets customers tap a contactless card on top of the terminal rather than having to sign a receipt or punch in a personal identification number.
(The stores will still accept conventional cards.) Few contactless cards are circulating in New York, but they are coming. Chase Card Services, the most aggressive issuer, plans to make all 94 million of its credit cards contactless-capable by the end of 2006. Fast-food chain Arby's and movie theater operator Regal Entertainment Group are pilot-testing the cards in...
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