Tag: mcx

  • CurrentC customer relations

    Karen Webster wrote on PYMNTS about the scariest things in payments. Customers, furious at not being able to use the payment method of choice to shop at Rite Aid, are taking to Twitter to not only let their feelings be known, but letting Rite Aid know that they are now, literally, walking across the street […]

  • MCX doublespeak

    Kevin Fitchard wrote on Gigaom about the surreal interview given by MCX CEO Dekkers Davidson. He said no MCX member would be fined or penalized for accepting Apple Pay (contrary to an earlier report in the New York Times), while reiterating that member merchants have all agreed to use CurrentC exclusively. So are the members […]

  • Why Apple Pay has little to fear from retailers

    Dan Frommer wrote on Quartz about why Apple Pay has little to fear from retailers. How CurrentC works: Because it’s designed to skirt the existing credit-card infrastructure, CurrentC’s current version only supports payments via checking accounts and certain store cards. And it comes with a questionable privacy requirement: To “confirm your identity,” CurrentC demands both […]

  • CurrentC and antitrust implications

    Dave Mark wrote on Loop Insight about CurrentC and antitrust implications. Quoting from Reuters: Antitrust experts said CVS and Rite Aid have the right to drop a vendor if they believe they can save money by going around the credit card companies and Apple, both of which will take a piece of the action. But […]