Friday , July 19, 2019

Search Results for: currentc

Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines

The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …

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Following Its Decision to Put off a Rollout, MCX to Shut Down Its CurrentC Pilot on June 28

When the Merchant Customer Exchange LLC announced last month it is postponing a rollout of its CurrentC pilot in Columbus, Ohio, observers suspected the news did not bode well for the merchant-controlled mobile wallet. On Monday, those suspicions were confirmed as MCX told CurrentC account holders in an email that …

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After Eight Months of Testing, MCX Postpones CurrentC Rollout, Lays off 30 Staffers

After eight months of experimentation in Columbus, Ohio, Merchant Customer Exchange LLC on Monday issued a statement from chief executive Brian Mooney announcing it is putting off a national rollout of its CurrentC mobile-payments service to an unspecified date. Mooney added that the Boston-based company, formed in 2012 by many …

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First Wal-Mart. Now Target? What Retailer Wallets Mean for MCX’s CurrentC App

With Target Corp. reportedly planning its own mobile wallet, the nation’s fourth-largest retailer may some time next year join the largest, Wal-Mart Stores Inc., in launching a proprietary wallet app. That could not only add to the fragmentation of the nascent digital-wallet market, it could also indicate weakening attachment to …

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How MCX’s Deals with Chase Pay And BIM Networks Help Fill a Tender Gap in CurrentC

With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks …

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Chase Unveils Chase Pay, a Mobile Wallet That Will Work at Merchants Accepting CurrentC

JPMorgan Chase & Co. on Monday unveiled its Chase Pay mobile wallet and said the product will begin rolling out in the middle of next year. Chase also said its new wallet will be accepted at merchants belonging to the Merchant Customer Exchange LLC, a retailer-controlled consortium that has been …

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CurrentC Adding More Major Merchants in Columbus, ‘Open-Loop’ Cards To Come

Within a week, four more major retailers—ExxonMobil, Sears, Shell Oil, and WalMart—will join the CurrentC pilot that started last month in Columbus, Ohio. That’s according to Brian V. Mooney, a long-time processing executive who took over in April as interim chief executive of the mobile wallet’s sponsor organization, Merchant Customer …

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CurrentC’s Pilot Is Under Way, But Users—And Some Clerks—Are in the Dark

By John Stewart At least some consumers in Columbus, Ohio, are using the Merchant Customer Exchange’s CurrentC mobile-payments app, but with little or no advertising so far finding a store cashier who knows about the app and how it works is a hit-or-miss proposition. That’s the finding of a CurrentC …

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As MCX Plans Pilot for Late August, Observers Ponder Fate of Its CurrentC Wallet

By John Stewart After a three-year gestation period, the Merchant Customer Exchange’s CurrentC mobile-payment service is planning to launch a pilot in Columbus, Ohio, during the last week of August, a source with knowledge of the matter tells Digital Transactions News. The pilot will involve locations belonging to a handful …

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MCX Chief Davidson Strikes Defiant Tone While Touting Benefits of CurrentC’s Wallet

By John Stewart Merchant Customer Exchange LLC (MCX) has launched its CurrentC mobile-payment service with “thousands” of consumers in “several American cities,” the program’s chief executive said on Wednesday. The “consumers,” employees of retailers that make up the Needham, Mass.-based MCX consortium, are part of a pilot for the fledgling …

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