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CurrentC, an Apple Pay Competitor, Is Delayed

May 17, 2016, 9:22 AM by Eric M. Zeman
updated May 17, 2016, 2:23 PM

MCX, the consortium of retailers including Walmart and Target, has postponed the national rollout of its mobile payment service, called CurrentC. MCX tested CurrentC in several markets and has decided to step back from the roll out for the time being. "Utilizing unique feedback from the marketplace and our Columbus pilot, MCX has made a decision to concentrate more heavily in the immediate term on other aspects of our business including working with financial institutions, like our partnership with Chase, to enable and scale mobile payment solutions," said CEO Brian Mooney in a statement provided to TechCrunch. The company plans to lay off some staff in the meantime. Walmart, Target, and other retailers have shied away from Apple Pay, Android Pay, and Samsung Pay as they worked to develop CurrentC. It's not clear if any of these retailers will adopt competing mobile payment services to fill the gap.

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Comments

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netboy

May 17, 2016, 2:39 PM

Samsung Pay works at Target

i have used it and it works !

Lena

Is that by swipe to simulate a magnetic strip on a credit card, or tap and pay?
The last time we used a non-Target credit card at Target, we got hit with a bogus $750 online charge.

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