Merchant Customer Exchange (MCX)
News stories featuring Merchant Customer Exchange (MCX):
May 17th, 2016
US retailer-led consortium MCX has postponed the nationwide rollout of its CurrentC mobile wallet and has laid off approximately 30 of its employees. The decision was taken in order to “concentrate more heavily” on other…
December 18th, 2015
US retail giant Target is in the early stages of developing its own mobile payment service. “Target’s team has taken some important decisions such as partnering with credit card companies,” Reuters reports. “The mobile wallet could launch as early as next year.” Target is the latest member of retailer-led consortium MCX to show interest in launching its own mobile payment service, following in the footsteps of Walmart which launched Walmart Pay earlier this month.
December 10th, 2015
Customers at US supermarket chain Walmart will soon be able to pay for purchases by scanning a QR code at the point of sale using Walmart Pay, the retailer’s own mobile payment service. Walmart Pay will be integrated into the Walmart app and introduced in select stores this month, with a nationwide launch expected in the first half of next year.
October 29th, 2015
US retailer-led mobile wallet consortium MCX, which announced a deal earlier this week to support JP Morgan Chase’s new Chase Pay service, is expanding its Columbus, Ohio pilot to include 200 stores operated by “12 large retailers”. “MCX may expand the test gradually to other states in the first quarter of next year,” CEO Brian Mooney has told Reuters. “Customers who have used the product are using it more than once a week,” Mooney said.
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 27th, 2015
JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium.
October 19th, 2015
US retailer-led consortium MCX is to add ACH payments capabilities to its CurrentC mobile wallet, using technology developed by Buy It Mobility Networks (BIM). “Using BIM’s technology, consumers will be able to connect their checking accounts to the CurrentC mobile wallet app and make payments at the cash register, table or pump at more than 70 brands nationwide,” MCX says. The consortium expanded its CurrentC beta to 150 stores last week.
October 15th, 2015
US retailer-led consortium MCX is expanding its CurrentC mobile wallet pilot to further locations across Columbus, Ohio, making it available for use in nearly 150 stores. New participating retailers include Kmart, Sam’s Club, Sears and…
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 27th, 2015
US retailer-led consortium MCX has announced a partnership with promotions management and processing provider Inmar to bring digital promotions from US brands to its yet-to-launch mobile wallet platform CurrentC. The deal will enable users to…
August 24th, 2015
CurrentC, the mobile wallet offered by US retailer-led consortium MCX, may not launch widely this year as originally planned, CEO Brian Mooney has said. “The company will begin a public pilot of its app in Columbus, Ohio, in a few weeks and will not rush a wider rollout if the product is not ready,” Mooney told Re/code.
August 12th, 2015
Mobile payments consortium MCX will test its CurrentC mobile wallet in Columbus, Ohio, in the coming weeks, The Wall Street Journal reports. Plans for the pilot were unveiled in July, after MCX unveiled the CurrentC brand in September 2014 and said it would launch in a “mid-sized market” in April. Member retailer Rite Aid says it will accept Apple Pay and other mobile payment services from August 15.
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…
August 6th, 2015
US retail giant Target has begun testing Bluetooth Low Energy (BLE) beacons in 50 stores nationwide to send deals and recommendations on nearby products directly to a shopper’s smartphone running the retailer’s iOS mobile app….
July 24th, 2015
US retailer-owned mobile payments consortium MCX is to test its CurrentC mobile wallet in stores next month, Bloomberg reports, adding: “MCX expects to formally introduce the CurrentC app some time in the third quarter.” MCX unveiled the CurrentC brand in September 2014 and confirmed to NFC World it would launch in a “mid-sized market” in April.
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…
March 20th, 2015
“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really…
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