PayPal and InComm are bringing touch-free payments to CVS stores across the U.S.; PayPal and InComm announced a QR code payment system that will enable touchless checkouts by PayPal and Venmo users with their mobile phones at brick-and-mortar stores; CVS is the first retailer in the U.S. to add touch-free payments and has plans to bring them to all 8,200 stores in Q4; “In the midst of COVID-19, we have seen an incredible acceleration of digital payments and touch-free payments,” PayPal Executive Vice President and Chief Product Officer Mark Britto said in a press release according to PYMNTS.com. “Companies of all types and sizes are looking for ways to maintain the safety of their customers and employees … QR codes complement these and provide retailers an additional payment method that furthers this touch-free mission.” PYMNTS.com.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.