Home  ›  News  ›

CurrentC, an Apple Pay Competitor, Is Delayed

Article Comments  5  

May 17, 2016, 9:22 AM   by Eric M. Zeman   @zeman_e
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.

TechCrunch »


more news about:




This forum is closed.

This forum is closed.


May 17, 2016, 2:39 PM

Samsung Pay works at Target

i have used it and it works !
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.
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2021 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.