MCX postpones rollout of CurrentC mobile payment system, lays off 30

“Merchant Customer Exchange (MCX) today announced it would postpone a nationwide rollout of CurrentC, a smartphone payment initiative originally conceived as a mobile wallet rival to smartphone-led services like Apple Pay,” Ingrid Lunden reports for TechCrunch.

“As a result, MCX said it would lay off 30 people as it shifted its focus to working with financial institutions,” Lunden reports. “A statement from MCX CEO Brian Mooney noted that the company would forge ahead instead on partnerships with banks like Chase.”

“A spokesperson for MCX would not provide any further detail on the timeline, if any, except to stress the ‘long game’ in payments,” Lunden reports. “The company was supposed to roll out service in 2015, but then there were reports last August that it would be pushed back to this year.”

Read more in the full article here.

MacDailyNews Take: “Postponed” until the first Tuesday after never. CurrentC is Apple Pay roadkill.

MCX’s convoluted system is DOA. — MacDailyNews Take, May 11, 2015

Why Apple Pay beats chip cards – May 9, 2016
MCX’s CurrentC may not launch until next year – August 12, 2015
CurrentC-backer Rite-Aid capitulates, to accept Apple Pay at 4,600 U.S. stores starting this Saturday – August 11, 2015
Apple Pay rival ‘CurrentC’ to get limited trial run in stores next month – July 24, 2015
Apple Pay stands to gain from MCX’s CurrentC disarray – May 18, 2015
Apple Pay is destroying MCX’s CurrentC – May 11, 2015
Best Buy capitulates, to accept Apple Pay despite CurrentC allegiance – April 27, 2015
Major retailers see Apple Pay wave – November 17, 2014
In only 3 weeks, Apple Pay is changing how consumers pay – November 17, 2014
Boycott CVS and Rite Aid – October 27, 2014
Bad business: CVS and Rite Aid antagonize their most well-heeled customers by blocking Apple Pay – October 27, 2014
CVS stores reportedly disabling NFC to shut down Apple Pay – October 25, 2014
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Apple’s iOS dominates in richer countries, Android in poorer regions – March 25, 2014
Twitter heat map shows iPhone use by the affluent, Android by the poor – June 20, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011
Yankee Group: Apple iPhone owners shop more, buy more, remain more loyal vs. other device users – July 20, 2010

[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]


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