A new mobile payment network has been launched in beta that is both customer-centric and secure. The new CurrentC Network was unveiled by Merchant Customer Exchange (MCX).
The new platform will be available across a broad and growing collection of leading merchants in the big-box, convenience, pharmacy, fuel, grocery, dining, travel and specialty-retail categories.
CurrentC is a software-based solution that works with most existing point-of-sale and payment terminals ” providing merchants large and small with a cost-effective entry point into the mobile payments movement. CurrentC will utilize a secure paycode and will not require additional hardware from most customers or merchants.
CurrentC has been launched in private pilot mode in select locations across the country. The private pilot will expand through 2014, with regional and national rollouts to follow in 2015.
CurrentC will be accepted in more than 110,000 merchant locations across the country.
The CurrentC mobile wallet app will be free to download through both the App Store and Google Play store, and is compatible with major smartphones. When the app’s full functionality is released to consumers, CurrentC will simplify and expedite the customer checkout process by applying qualifying offers and coupons, participating merchant rewards, loyalty programs and membership accounts, and offering payment options through the consumer’s selected financial account, all with a single scan.
MCX’s owner-members include leaders in the big-box, convenience, pharmacy, fuel, grocery, quick- and full-service dining, specialty-retail and travel categories. Collectively, these companies operate more than 110,000 locations and process more than $1 trillion in payments annually. The company operates from offices in Boston and Dallas.
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