Merchant Customer Exchange (MCX), the company behind the forthcoming CurrentC mobile payment service has just swapped CEOs.
Dekkers Davidson will be replaced by Brian Mooney, who was most recently the CEO and board member of Bank of America Merchant Services. The news of the CEO swap comes one day after Best Buy and Discover both announced that why would begin working with Apple Pay.
Best Buy and Discover have been big supporters of CurrentC, however, they have started to work with CurrentC’s top competitor in the mobile payments space. Both companies are still keeping their involvement with MCX, but the commitment to Apple Pay is yet another blow to CurrentC.
CurrentC uses a QR code-based system to make mobile payments that is far more cumbersome than solutions like Apple Pay and Google Wallet. MCX is set to officially launch CurrentC later this year.
Apple Pay launched last October and has become a great success in the United States. The company is looking to expand its mobile payment service around the world in the future, including a rumoured Canadian launch later this year.
[via Business Insider]
Other articles in the category: News
Apple Music Classical App Now Available for Download in Canada
After launching pre-orders for the dedicated Apple Music Classical app earlier this month, the app is now available in Canada, ahead of its March 28th launch date. An email was sent out to those that pre-ordered the app, saying, "Your pre-order for “Apple Music Classical” is now available." Apple goes on to explain, "The app...
Auditor General Exposes Canada’s Digital Divide for Rural and Indigenous Communities
The Auditor General's report on Connectivity in Rural and Remote Areas in Canada has highlighted the severe digital divide between urban and remote communities. The audit scrutinized programs run by Innovation, Science and Economic Development (ISED) and the Canadian Radio-television and Telecommunications Commission (CRTC) to determine their effectiveness in improving accessibility, affordability, and quality of...
Apple’s Emergency SOS Satellite Service Expands to Six New European Countries
Apple has expanded its Emergency SOS satellite security service to Austria, Belgium, Italy, Luxembourg, the Netherlands, and Portugal, bringing further safety to iPhone 14 users in these regions. This technology enables users to send and receive messages with emergency services even in areas without cellular or Wi-Fi coverage. Additionally, users can also share their location...