The appeal of CurrentC
to merchants was what Carr called a defensive move to interchange, which would allow them to process more transactions for less interchange cost.
the stores that are part of MCX circle that accept CurrentC and the rest that opted to go with other payment options.
php) GSM Arena points out, the CurrentC will be launched with a dedicated app for both Android and iOS.
Last week, MCX acknowledged a breach in which "unauthorized third parties" obtained email addresses of some CurrentC pilot program participants and people who had showed interest in the app.
The difference between Apple Pay and the CurrentC system is vast:
Paydiant is also the technology tapped by CurrentC
, the mobile payments tool from the Wal-Mart led Merchant Customer Exchange.
As major players expand their reach within the world of mobile payments, including non-traditional entrants such as Apple, PayPal and CurrentC
, a system backed by a conglomerate of major retailers, the potential for a large e-gifting market via person-to-person (P2P) transfers will become increasingly clear.
The competing technology called CurrentC
to be available next year was developed by the Merchant Customer Exchange group.
MCX even disclosed last week that an early trial of CurrentC
has already exposed personal information to unauthorized third parties.
In order to satisfy these two conditions, this group is in the process of developing a payment system of their own called CurrentC
, with the help of Merchant Customer Exchange ('MCX').
Consumers can gain access to the entire CurrentC
network by using the CurrentC
app, as well as through merchants' mobile applications that leverage CurrentC
Network was built by leading merchants to simplify, enhance and secure their customers' shopping experience.