If you were curious as to what happened to CurrentC, the intended mobile payment service that was intended to compete with Apple Pay a few years ago, there’s an answer: JPMorgan bought it out. Oddly enough, Chase Bank played both sides and was one of a few major banks to partner with Apple when Apple […]
Tag: CVS
It looks like Apple Pay may be coming to CVS in the near future. While the pharmacy chain has yet to announce an actual launch date, it has stated that it is currently “evaluating” mobile payment options. Accounts of miscellaneous CVS locations accepting Apple Pay transactions have occurred for about a month on Twitter, and […]
Put a fork in CurrentC, it might just be done. Following layoffs of 30 employees in May, the Merchant Consortium Exchange, or MCX, announced today that it is ending its the ongoing CurrentC beta test and postponing all future releases. The beta test will be suspended on June 28th, according to an email sent to […]
There’s always money to be made in the payment service industry. A new report has announced that Chase Chase CEO of Consumer and Community Banking, Gordon Smith, who announced “Chase Pay” at the Money20/20 payments conference in Las Vegas. The Chase Pay service will work via QR code instead of over NFC, allowing customers to […]
Rite Aid has apparently gone for both CurrentC and Apple Pay. Last year, when a group of retailers disabled their Merchant Customer Exchange devices in favor of the upcoming CurrentC payment system, it was unknown as to whether they’d opt for Apple Pay. Drug store chains CVS and Rite Aid were among the first to […]