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: MCX
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 […]
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 […]
This might come in handy. Walmart on Thursday introduced its own mobile payments service called “Walmart Pay” built into its Walmart app on iOS and Android. The new Apple Pay competitor will roll out in select Walmart stores in the U.S. this month, followed by a nationwide launch within the first half of 2016. The […]
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 […]