Posted by: Chris Barylick
Date: Wednesday, October 29th, 2014, 11:46
Category: Finance, iOS, iPhone, News, security, Software
The most recent shot in the NFC payment wars has been fired.
And it kind of made MCX look like a bunch of jerks.
Per 9to5Mac, MCX, the retailer consortium behind the CurrentC mobile payment system, has responded to the controversy over its members being required to block Apple Pay or face fines with some unconvincing ‘assurances.’
The first sign of trouble between MCX and Apple Pay was when CVS disabled NFC functionality from its payment terminals. When Rite Aid joined in, consumers responded by threatening to boycott MCX members.
In a blog post which MCX says is designed to “set the record straight,” as it were, MCX responded to some of the recent concerns levied against it.
Responding to the fines issue, the company offered the following comment:
Importantly, if a merchant decides to stop working with MCX, there are no fines.
Nobody has suggested there are. What has been suggested–and which MCX has not denied–is that members are fined if they accept other forms of mobile payment, like Apple Pay, alongside CurrentC.
The consortium gets off to a marginally better start on privacy, with a statement that consumers “can choose to limit the information they share through our privacy dashboard, which means they will have the ability turn off location based services and opt out of marketing communications in our app.” However, that does nothing to limit the storage of other sensitive information, nor to address claims that merchants will share purchasing data amongst themselves.