CurrentC
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MCX postpones rollout of Apple Pay rival CurrentC, lays off 30, will focus on bank deals
As merchants like Walmart move ahead on their own mobile payment strategies, a consortium that once counted Walmart — along with a number of other big retailers and brands — behind it, has taken a step back. Merchant Customer Exchange (MCX) today announced it would postpone a nationwide rollout of CurrentC, a smartphone payment initiative originally conceived as a mobile… Read More
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Where Does Apple Pay Stand On Its First Birthday?
While the “year of Apple Pay,” as Apple CEO Tim Cook dubbed 2015, still has a ways to go, the product’s first anniversary is rapidly approaching. And, considering Android Pay’s recent unveiling, it seems that its competitors are, as well. So, as we prepare to celebrate, the question is: How are things going? Read More
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MCX Says QR Payments App Will Pivot To NFC If Necessary, Won’t Fine Retailers Who Break Exclusivity
In a virtual press conference today, MCX‘s CEO Dekkers Davidson said “We’re agnostic about technology. We started with QR code-based technology that allows us to go to market broadly. If we need, we can pivot to NFC.” That means if retailers strongly prefer the NFC system used by Apple Pay to MCX’s mobile payment app CurrentC’s QR code system, CurrentC… Read More
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CurrentC Is The Big Retailers’ Clunky Attempt To Kill Apple Pay And Credit Card Fees
Long before Apple Pay, big brick-and-mortar retail chains were conspiring to sidestep the typical 2% to 3% fees they’re charged by credit card companies when consumers pay with credit. A company called MCX (Merchant Customer Exchange), spearheaded by Walmart, was started to build a mobile payment solution that would become an app called CurrentC that’s preparing to launch, but… Read More
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