What's New in Payments

MCX responds to criticism

“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments... More



What's New in Payments

NRF defends retailers’ decision to block NFC payments

NRF's Mallory Duncan

“Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers,” says Mallory Duncan, senior vice president of the US’s National Retail Federation, in a statement issued in the wake of the decision taken by CVS and Rite Aid to stop accepting Apple Pay and other NFC payments... More