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What Will Happen to MCX Going Forward?

The US based retail consortium Merchant Customer Exchange (MCX), which boasts big retailers as its members, is clearly struggling with its payments initiatives. A few months ago, on Sept 3rd 2014, MCX unveiled CurrentC — the brand for its new payment network. It came after a long wait and certainly after many false starts (and false rumors). CurrentC was unveiled as a mobile payment system exclusive to MCX members. It was portrayed as being able to do much more than simply acting as a repository of loyalty cards and a means of distributing, storing, and redeeming digital coupons and special offers. MCX came up with CurrentC as an alternative for retailers to reduce the interchange fees ...

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