Apple Pay is on a major winning streak this week after corralling Best Buy in its fold, watching the Merchants Customer Exchange (MCX) implode as its CEO hits the door and finally coming to terms with Discover.
Merchant Customer Exchange (MCX), is a company formed by major U.S. merchants to develop a customer-centric and secure mobile payment solution via a new mobile payment network ” CurrentC.
The CurrentC pilot launched in private pilot mode in select locations across the country last September, just ahead of the Apple Pay introduction. MCX expected to launch regional and national rollouts this year.
Collectively, MCX companies operate more than 110,000 locations and process more than $1 trillion in payments annually.
This week Best Buy agreed to accept Apple Pay, one of the largest merchants to hold out waiting for CurrentC. Best Buy says it still supports MCX and its mobile payments platform.
Yesterday, MCX announced the departure of CEO Dekkers Davidson, who is leaving MCX to pursue other opportunities.
Brian Mooney has been named Interim Chief Executive Officer of MCX. Mooney was most recently CEO and a board member of Bank of America Merchant Services.He was previously Chief Financial Officer, and later President, of First Data Merchant Services.
Also this week, Discover inked an agreement with Apple that will allow Discover cardmembers in the U.S. to make contactless payments in participating stores through Apple Pay, the easy, secure and private way to pay, using iPhone 6, iPhone 6 Plus and Apple Watch.
In addition to paying in stores with iPhone 6, iPhone 6 Plus and Apple Watch, millions of cardmembers can also use Apple Pay with iPad Air 2 and iPad mini 3 when paying for goods and services within apps beginning this fall.
The addition of Discover, gives Apple Pay agreements with all four national payments network.
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