What's New in Payments

In-store tests for CurrentC mobile wallet

US retailer-owned mobile payments consortium MCX is to test its CurrentC mobile wallet in stores next month, Bloomberg reports, adding: “MCX expects to formally introduce the CurrentC app some time in the third quarter.” MCX unveiled the CurrentC brand in September 2014 and confirmed to NFC World it would launch in a “mid-sized market” in April... More






What's New in Payments

PayPal explains why it’s buying mobile wallet provider Paydiant

Anuj Nayar

“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really cool brands,” Anuj Nayar, senior director of global initiatives at PayPal, has told NFC World as the payment giant prepares to complete its acquisition of the payments platform provider for a reported US$280m... More




NFC World

NFC World celebrates its sixth birthday

Happy sixth birthday NFC World!

NFC World is six years old today and we are celebrating with a top 50,000 website ranking on Alexa.com, 129,493 unique visitors in October and a new rate card designed to make advertising on NFC World the single most effective way for mobile commerce suppliers to reach new customers in the year ahead... More






What's New in Payments

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






What's New in Payments

Retailer-owned payments venture MCX unveils CurrentC brand

CurrentC

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


NFC World

Has NFC missed the mobile payments boat or will the industry rise to the cloud payments challenge?

In the April issue of Mobile Wallet Outlook the NFC World team examines why NFC is failing to gain traction in the mobile payments market, analyzes the range of cloud-based options available for those seeking to deliver mass market mobile wallets — and sets out in detail how MCX’s barcode and cloud-based wallet will work, when it’s likely to launch and who is already using the same approach today. More


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