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: CurrentC
The CurrentC horse may never even make it out of the gate. CurrentC, the payment platform backed by a group of retailers under the banner Merchant Customer Exchange that caused a kerfuffle when Apple Pay launched, may never see release. The consortium announced Monday that the CurrentC rollout has been postponed and that the company […]
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 […]
Retailer Best Buy Best Buy said its customers could start using Apple Pay from Monday to make purchases on its app through the iPhone 6 and iPhone 6 Plus and Apple Watch, thus appearing to break ranks with a group of leading U.S. merchants who are backing an alternative payment system. Apple CEO Tim Cook […]