Merchant Customer Exchange (MCX)
News stories featuring Merchant Customer Exchange (MCX):
March 13th, 2017
US bank JPMorgan Chase is to acquire the payments technology of US retailer-led consortium MCX to “help expand” the Chase Pay mobile payments service. “Chase executives wanted to acquire the technology to use in lieu of building separate parallel technology to serve non-MCX members,” the bank says. “This will help us get to market faster,” adds Chase Pay’s Jennifer Roberts. MCX was a launch partner of Chase Pay and ended its CurrentC mobile wallet pilot in June 2016.
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.
August 12th, 2016
Customers at US pharmacy chain CVS can now make purchases by presenting an on-screen barcode at the point of sale using CVS Pay, the retailer’s own mobile payment service. The feature has been integrated into the existing…
July 13th, 2016
US pharmacy chain CVS is testing support for Apple Pay and is “evaluating” mobile payment options, according to AppleInsider. “Accounts of miscellaneous CVS locations accepting Apple Pay transactions have occurred for about a month on Twitter, and a tip received by AppleInsider suggests transactions are working at a location in Key West, Florida,” the publication reports. CVS is a member of US retailer-led consortium MCX, which ended its CurrentC mobile wallet pilots in June 2016. The pharmacy chain also turned off support for NFC in the wake of Apple Pay’s launch in October 2014.
June 10th, 2016
Motorists will soon be able to pay for purchases from oil and gas company Shell using Chase Pay, the QR code-based mobile payment service unveiled by JPMorgan Chase in October 2015. Shell will accept Chase Pay in all of its stations across the US.
June 8th, 2016
US retailer-led consortium MCX is concluding the pilot of its CurrentC mobile wallet at the end of June and will be disabling all user accounts. The company has “not yet determined the future timing of CurrentC”.
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….
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