Visa CEO forecasts ‘significant contactless growth’ in the US
“The US market is poised for significant contactless growth over the coming year,” Visa CEO Alfred F Kelly has told analysts... More
CVS Pharmacy
Amazon customers get in-store cash deposits to fund online payments
Amazon customers across the US can now top up their Amazon balance using cash at “thousands of participating convenience, grocery and drug stores” by showing a printed barcode or a barcode on their mobile device to the cashier. They will then be able to use the funds to make online purchases at Amazon. More
US consumers’ use of in-store mobile payments set to soar
The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer reveals... More
US pharmacy chain launches barcode payments
Customers at US pharmacy chain CVS can now make purchases by presenting an on-screen barcode at the point of sale using CVS Pay, the retailer’s own mobile payment service... More
CVS tests Apple Pay
US pharmacy chain CVS is testing support for Apple Pay and is “evaluating” mobile payment options, according to AppleInsider... More
MCX expands CurrentC beta to 150 stores
US retailer-led consortium MCX is expanding its CurrentC mobile wallet pilot to further locations across Columbus, Ohio, making it available for use in nearly 150 stores... More
MCX appoints interim CEO after Best Buy announces support for Apple Pay
MCX CEO Dekkers Davidson has left the retailer-led consortium to “pursue other opportunities” in the same week it was announced that founder member Best Buy will roll out support for rival mobile payments service Apple Pay later this year... More
MCX member Best Buy to accept Apple Pay across the US
US retail giant Best Buy, a founder member of retailer-led consortium MCX which requires members to exclusively support its own yet-to-launch mobile payments service, has announced that it will accept Apple Pay NFC payments in its stores “later this year”... More
MCX to open up “in months”
The exclusivity rule that prevents members of MCX from accepting other mobile payments services in their stores will expire in “months, not years,” CEO Dekkers Davidson has told Re/Code... More
MCX prepares to open its wallet to NFC and bank cards
MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson and COO Scott Rankin have told reporters... More
MCX responds to criticism
“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments... More
A million consumers sign up for Apple Pay in first 72 hours
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba. More
NRF defends retailers’ decision to block NFC payments
“Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers,” says Mallory Duncan, senior vice president of the US’s National Retail Federation, in a statement issued in the wake of the decision taken by CVS and Rite Aid to stop accepting Apple Pay and other NFC payments... More
US payments body hits out at Rite Aid and CVS
“The decision by CVS and Rite Aid to block mobile payments services like Apple Pay, Google Wallet and Softcard is anti-consumer and anti-competitive,” says US-based trade body the Electronic Transactions Association (ETA), following the MCX consortium members’ decision to stop accepting NFC payments... More
MCX retailers turn off NFC payments
US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay. More
Rumoured Apple retail partner list grows
The list of retailers that look set to accept Apple’s new mobile payments service now includes CVS and Walgreens according to Re/Code and Disney, according to 9to5Mac, which adds that Apple is installing additional Gimbal Series 20 Bluetooth beacons in its stores... More
Retailer-owned payments venture MCX unveils CurrentC brand
Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called CurrentC — and provided the first details of how the service will work when it rolls out to 110,000 merchant locations across the US in 2015... More
US retailers move into the mobile wallet market
Walmart, Target, 7-Eleven, Best Buy, Publix, Sears, Shell and Sunoco are amongst a dozen major merchants that have formed a new company called Merchant Customer Exchange (MCX) that will provide an alternative to services like Isis and Google Wallet. More
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