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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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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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