Apple Pay off to fast start with consumers, CEO says
Apple Pay saw more than 1 million credit cards registered for the mobile e-wallet service in its first 72 hours after launching last week, Apple (AAPL) CEO Tim Cook said Monday. Speaking at the Wall Street Journal Digital Live conference, Cook sought to show that consumers are embracing Apple Pay despite reports that some retailers are rejecting the contactless payment technology. “We’re already No. 1. We’re more than the total of the other guys,” Cook bragged. “And we’ve only been at it a week.” Visa (V) and MasterCard (MA) executives told Apple (AAPL) that the Apple Pay system is already seeing more use than other contactless payment methods, Cook said, according to AP. Rival services include Google’s (GOOGL) Google Wallet and eBay’s (EBAY) PayPal. But major drugstore chains CVS (CVS) and Rite Aid (RAD) made headlines by disabling Apple Pay in their stores after initially accepting it. “It’s a skirmish,”…