Date: Monday, March 13th, 2017, 05:07
Category: Apple Pay, Finance, iOS, News, retail
If you were curious as to what happened to CurrentC, the intended mobile payment service that was intended to compete with Apple Pay a few years ago, there’s an answer: JPMorgan bought it out.
Oddly enough, Chase Bank played both sides and was one of a few major banks to partner with Apple when Apple Pay launched back in the fall of 2014, but several retailers including CVS and Walmart blocked or denied plans to accept Apple Pay due to an upcoming CurrentC app and commitments to MCX, the company developing CurrentC.
Some CurrentC backers including Rite Aid and Best Buy eventually changed their course and added Apple Pay as a payment option in stores, and last summer efforts to bring CurrentC to market finally ended.