O'Grady's PowerPage

Tag: Merchant Consumer Exchange

  • MCX to end CurrentC beta, disable all user accounts

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    Put a fork in CurrentC, it might just be done.

    Following layoffs of 30 employees in May, the Merchant Consortium Exchange, or MCX, announced today that it is ending its the ongoing CurrentC beta test and postponing all future releases. The beta test will be suspended on June 28th, according to an email sent to beta testers in Columbus, Ohio.

    Following the conclusion of the beta test, MCX will disable all consumer accounts and end their access to the service. The company offered the following comment in an email sent to beta testers:

    “We will be concluding our beta test and postponing further releases of CurrentC on June 28, 2016. Therefore, June 28th will be the last day that transactions will be accepted using CurrentC,”

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  • Apple CEO Tim Cook cites over one million Apple Pay subscriptions in first 72 hours

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    Apple may have gotten a pretty quick leg up in the NFC market.

    Per AppleInsider and the Wall Street Journal, Apple CEO Tim Cook, in a recent interview today, stated that Apple Pay received more than one million registrations within the first 72 hours.

    “The early ramp [of Apple Pay] looks fantastic,” Cook said in an interview with WSJ managing editor Gerry Baker.

    Cook referred to recent revelations that Merchant Consumer Exchange retailers like Rite Aid and CVS are now blocking Apple Pay, characterizing the situation as a “skirmish” that will ultimately be decided by consumers “over the long arc of time.”

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