Is this (finally) the end of MCX? When the Merchant Customer Exchange (MCX) deal with JPMorgan Chase made news last fall, it was clearly important. The country’s largest bank was teaming up with merchants, and taking on the card networks. Now it seems Chase Pay will be the only placeRead More
Post Tagged with: "CurrentC"
The Chase Pay mobile wallet from JPMorgan Chase was slated for rollout in mid-2016, but it likely won’t see light of day until the fourth quarter, it emerged today at the Shoptalk conference in Las Vegas. The news came from Chase Commerce Solutions head of global e-commerce and large omnichannel solutions,Read More
Just a day after Walmart Pay began its rollout, troubled mobile payments consortium MCX announced it was just about shutting down. MCX, formally the Merchant Customer Exchange, announced yesterday it was laying off 30 employees and delaying, yet again, the launch of its mobile payments platform, CurrentC. Announced in 2014 as aRead More
MCX: It’s alive! It’s dead! It’s alive again! Actually, does the recent news about a forthcoming Target Wallet, announced just a week or so after Walmart Pay, means it’s really and truly dead? MCX and its long-promised app, CurrentC, have delayed coming to market for so long that it’s becomeRead More
Walmart, the nation’s largest retailer, is launching its own mobile payment service. It was announced late last night that Walmart Pay would join the growing parade of branded mobile payment platforms: Chase Pay, Android Pay, Samsung Pay, and Apple Pay. Bentonville, Ark.-based Walmart had previously been known in the mobile payments spaceRead More
Not long ago, debit cards were a relatively small percentage of the total payment card volume. I had a friend who made a prediction each January that, “This was the year that debit cards would take off.” I asked him why he kept making the same prediction each year, onlyRead More
Rewards are arguably the key driver in mobile payments. That’s because: 1) swiping a card is as easy as tapping a phone, though dipping a card may be another matter; and 2) mobile payments in the U.S. basically means Starbucks. The rest, for now, are used only occasionally by earlyRead More
The so-called payments war between MCX/CurrentC and Apple Pay is reaching a fever pitch — but one of the fighters hasn’t even shown up on the field, yet.