Archived Posts: June 2016
The Least Surprising Announcement in Payments, with Some Surprising Possibilities
The announcement by MCX (Merchant Customer Exchange) regarding the suspension of its CurrentC® mobile payments platform was met with little fanfare last week, as most in the payments space have been expecting this announcement even sooner than it came. The handwriting has been on the wall for several years. A few factors have played a part:
The use of QR code versus NFC technology
The acquisition of its white label technology platform (Paydiant) by PayPal
The privacy issues ...