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    Best Buy

    News stories featuring Best Buy:

    Best Buy signs on to Chase Pay

    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.

    Samsung Pay hands out US$30 gift cards to S7 users

    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. More

    Best Buy discusses Apple Pay, MCX and Chase Pay support

    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… More

    Twitter expands Buy Now buttons

    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.

    Best Buy begins support for Apple Pay and Android Pay

    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.

    Visa Checkout reports 6m customers

    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.

    MCX member Rite Aid to accept Apple Pay and more

    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… More

    Amex cardholders use reward points for Best Buy purchases

    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 purchases and allows them to check their Membership Rewards points balance before they check out,” American Express says.

    MCX member Target to support Apple Pay

    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.

    MCX appoints interim CEO after Best Buy announces support for Apple Pay

    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… More

    MCX confirms it will launch CurrentC this summer in a “mid-sized market”

    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… More

    MCX member Best Buy to accept Apple Pay across the US

    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… More

    Korea’s SK Planet buys US BLE offers platform Shopkick

    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… More

    No Apple Pay for Walmart, Best Buy

    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.

    Retailer-owned payments venture MCX unveils CurrentC brand

    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… More

    Google Wallet adds support for gift cards and P2P payments

    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… More

    Auchan picks mobile barcodes for France’s MCX

    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. More

    US retailers move into the mobile wallet market

    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. More

    US retailers back chip and pin

    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.

    Mobile Money Network to launch Simply Tap payments in the UK

    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… More

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