Payments Ecosystem
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by Vineet Anand
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MCX in danger as Rite Aid breaks ranks

MCX in danger as Rite Aid breaks ranks | Payments Ecosystem | Scoop.it
Finextra: In another blow to retailer-led mobile payments consortium MCX, US drugstore chain Rite Aid is activating support for rival products from Google and Apple across the company's 4600 outlets nationwide.
Vineet Anand's insight:

Rite Aid to accept contactless along with Google, Apple, and other upcoming payment options thus breaking away from MCX (CurrentC); Best Buy decided to start accepting Apple Pay the moment exclusivity contract expires. 

We will see more retailers break free from MCX ranks - a solution that has taken too long, limits customer experience/choices, and as soon as management teams realize accepting all payment forms is in better interest of merchant with fee being the cost of doing business!

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MCX CEO Dekkers Davidson Done | PYMNTS.com

MCX CEO Dekkers Davidson Done | PYMNTS.com | Payments Ecosystem | Scoop.it
The hits just keep on coming out of MCX this week. On the heels of the announcement that founding retailer Best Buy has officially jumped ship and resolved
Vineet Anand's insight:

Best Buy steps over CurrentC to accept Apple Pay and CEO's departures represent some challenges prior to launch for CurrentC. Brian Mooney to steer CurrentC launch! 

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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.