The MCX consortia now says it will postpone the roll-out of CurrentC. This after evaluation of the Columbia pilot and instead, at least short term (?), focus on the cooperation and promotion of Chase Pay.
Chase Pay use is an app based mobile wallet using QR-codes that is scanned by the cashier at checkout instore. Competitor wallets like Apple Pay, Android Pay and Samsung Pay use “tapping” the mobile on the contactless enabled payment terminal.
One interesting is thing is, while MCX now promotes Chase Pay, two of largest and MCX merchants Target and Walmart are now rolling out their own mobile wallets Target Pay and Walmart Pay. For example Walmart is now rolling out Walmart Pay to 600 outlets in two states.
Read more in Mobile Payments Today.