“A consortium of major retailers backing a mobile-payments effort has replaced its chief executive a day after member Best Buy announced it would support a competing system created by Apple,” Steven Musil reports for CNET.

“Merchant Customer Exchange, or MCX, announced Tuesday that Dekkers Davidson was leaving the group ‘to pursue other opportunities.’ Davidson, who had served as MCX’s chief since 2013, will be replaced on an interim basis by Brian Mooney, former CEO of Bank of America Merchant Services,” Musil reports. “The change in leadership comes a day after electronics retailer Best Buy announced that its customers could now use Apple Pay to complete purchases made through the electronics retailer’s app and would soon be able to use the mobile-payments system in store. Best Buy was a supporter of CurrentC, the system created by MCX, which has the backing of such merchants as Walmart, Target and Lowe’s.”

“Not long after Apple Pay’s launch, the payments system ran into resistance from a group of MCX merchants, with some members of the consortium deciding to disable consumers’ ability to use Apple Pay in anticipation of the launch of MCX’s alternative payments service. MCX denied encouraging the Rite Aid and CVS drugstore chains to block Apple Pay by disabling NFC terminals,” Musil reports. “CurrentC, which is expected to launch widely this year, relies on QR codes rather than fingerprint identification, potentially making the system less convenient than Apple Pay. It also lacks support for NFC and the tap-and-pay feature found on Apple Pay and Google Wallet, which also uses the same technology.”

Read more in the full article here.

MacDailyNews Take: They really need to rename CurrentC.

DOA is more like it.

Boycott CVS and Rite Aid and any other company that willfully turns off NFC in an effort to block the vastly more secure, much more private, and far easier-to-use Apple Pay service.

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