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 ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.