MCX Goes On the Defensive, Offers New Details
> payment service is voluntary. When merchants choose
> to work with MCX, they choose to do so exclusively.
So CVS and RiteAid chose to use MCX, purchased their terminals and licensed their processing system-- which included NFC-- and then when MCX offers an alternate AS YET UNDEPLOYED solution, MCX has the right to disable functionality their customers paid for.
> Importantly, if a merchant decides to stop working with
> MCX, there are no fines.
Except if you happen to own thousands of stores with tens of thousands of terminals that you already purchased. Then you have to pay to replace the whole system.
I call bullshit.
This is all really irrelevant
aaaaaaand they just got hacked...
Although, with all this talk of QR codes and Bluetooth as the backbone of the system, maybe they're going to announce its backward compatible to an old Motorola RAZR flip phones.
No, you wouldn't have to pair anything. As I understand it, it would use Bluetooth Beacons to detect and confirm your proximity to the register. It's great for one...