News stories featuring Best Buy:
September 15th, 2016
US retail giant Best Buy has signed a multiyear agreement to accept Chase Pay QR code-based mobile payments in-store, in-app and online. Best Buy is a member of US retailer-led consortium MCX, which ended its CurrentC mobile wallet pilot in June 2016. Chase Pay was unveiled in October 2015 and will be accepted by all MCX members. It is currently live with select online merchants and becomes available later this year for in-store and in-app purchases at participating locations.
March 14th, 2016
US consumers who make their first purchase using Samsung Pay on a Galaxy S7 or S7 Edge device this month are being offered a gift card worth US$30 from one of five selected Samsung Pay merchants — Best Buy, eBay, Whole Foods, Nike or Regal Cinema.
October 28th, 2015
US retail giant Best Buy has opened up about its experience with Apple Pay, its ongoing support for retailer-led consortium MCX’s CurrentC mobile payment service and its view on Chase Pay, the QR code-based service…
October 1st, 2015
Twitter is to integrate its Buy Now button technology with ecommerce platforms Bigcommerce, Demandware and Shopify to enable merchants including Best Buy, Adidas and PacSun to sell products via the platform. “With Buy Now, businesses can drive more conversions and remove much of the friction in the mobile purchasing process,” Twitter writes in a blog post.
September 18th, 2015
US retail chain Best Buy has begun rolling out its planned support for Apple Pay as well as Android Pay. “A new YouTube video and Reddit thread confirm customers making successful debit and credit card purchases using both Apple Pay and Android Pay at separate Best Buy stores in California,” MacRumors reports. Best Buy’s three-year exclusivity period with payment consortium MCX expired in August.
August 25th, 2015
More than six million customers have signed up for Visa Checkout since its launch last year, Visa reports. The platform has nearly 250,000 merchants while financial institution partners have grown to over 330. “In recent months, no less than 33 new merchants, ranging from Best Buy and Under Armour to Barnes & Noble and Taco Bell, have signed on,” the payment network says.
August 12th, 2015
US pharmacy chain Rite Aid, a member of the MCX retailer-owned mobile payments consortium, will accept Apple Pay and other mobile payment services in its stores from August 15, following its decision to stop accepting…
July 31st, 2015
American Express card members in the Membership Rewards program can now use points to pay for online purchases at US retail giant Best Buy. “American Express’ unique technology enables eligible card members to easily use Membership Rewards points for all or part of their BestBuy.com purchases and allows them to check their Membership Rewards points balance before they check out,” American Express says.
May 28th, 2015
US discount retail giant Target has become the latest member of retailer-led consortium MCX to reveal its intentions to support Apple Pay, following Best Buy’s announcement that it will roll out support for the NFC mobile payments service this year. “Target CEO Brian Cornell on Wednesday said his company wants to integrate Apple Pay across its retail chain, but must first install POS technology with chip-and-pin or chip-and-signature technology,” Apple Insider reports. MCX requires members to exclusively support its own yet-to-launch CurrentC mobile payments service.
April 29th, 2015
MCX CEO Dekkers Davidson has left the retailer-led consortium to “pursue other opportunities” in the same week it was announced that founder member Best Buy will roll out support for rival mobile payments service Apple…
April 28th, 2015
Retailer owned mobile payments consortium MCX has confirmed to NFC World that it will launch its CurrentC mobile wallet in an unspecified mid-sized US market soon, following the announcement that founder member Best Buy will begin…
April 28th, 2015
US retail giant Best Buy, a founder member of retailer-led consortium MCX which requires members to exclusively support its own yet-to-launch mobile payments service, has announced that it will accept Apple Pay NFC payments in…
September 29th, 2014
Mobile offers platform Shopkick, which is working with a number of high profile US retailers to roll out a network of Bluetooth Low Energy (BLE) beacons, has been acquired by SK Planet (SKP), operator of…
September 16th, 2014
Owners of Apple’s new NFC-enabled smartwatch and iPhones will not be able to make Apple Pay mobile payments in either Walmart or Best Buy, the Wall Street Journal reports. The US retail giants are both members of merchant-led mobile wallet venture MCX which will launch its rival CurrentC wallet next year.
September 3rd, 2014
Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called…
July 17th, 2014
Google Wallet users can now store gift cards on their mobile phone and redeem them electronically in stores. Users can also send money requests to friends, make debit card payments free of charge and access…
December 12th, 2012
“Our goal is to create the m-payment standard within the retail sector, independent of any telephone operators and banks,” says the head of Flash’n Pay, a new mobile wallet brand that has been created by one of the country’s largest grocery retailers and is set to go head to head with the French carriers’ NFC-based Cityzi service.
August 15th, 2012
Walmart, Target, 7-Eleven, Best Buy, Publix, Sears, Shell and Sunoco are amongst a dozen major merchants that have formed a new company called Merchant Customer Exchange (MCX) that will provide an alternative to services like Isis and Google Wallet.
January 24th, 2012
“The US payments industry should undergo a coordinated migration to chip and PIN transactions which should support a broad range of payment types (contact, contactless, dual interface, debit, credit, stored value, private and ‘white’ label, etc.) and devices (cards, mobile devices, fobs, etc.),” says the Merchant Advisory Group, a retailer trade association whose members include Walgreens, Walmart, Target, Sears, McDonald’s, Best Buy and Home Depot.
March 28th, 2011
Mobile Money Network, the joint venture established in November 2010 between Best Buy Europe, Monitise and Charles Dunstone, founder of Carphone Warehouse, has announced its mobile payments service is to be called Simply Tap. Although…
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