Wednesday, April 8, 2015

CurrentC by MCX to go Public mid-2015, plus Microsoft and PayPal News

News everywhere in the mobile payments space about CurrentC's plans though all of the stories seem to point back to MacWorld.  Here is one story:

http://www.mobilepaymentsinsider.com/2015/04/07/currentc-prepares-to-go-public-with-mid-2015-launch/

Here is a snippet from that piece:


Mobile payments service CurrentC will officially launch in the US over the next few months, adding further competition to the crowded mobile payments market.

Here is the MacWorld piece that appeared to break the story:

http://www.macworld.com/article/2906592/apple-pay-rival-currentc-coming-in-mid2015.html

Here is a snippet from that piece:

A small -scale trial began last year and CurrentC is currently being tested in several undisclosed markets around the U.S. However, its use is restricted to employees of member retailers, which include Walmart, 7-Eleven, Dunkin Donuts, Sears, Best Buy, Exxon Mobil and Gap.

Merchant Content Exchange (MCX), the operator of the service, plans to make it available to the public in mid 2015, but in a single market at first.

More news in the payments space has also come out from both Microsoft and PayPal.

Microsoft is working on some kind of 'Microsoft Pay':

http://arstechnica.com/business/2015/04/microsoft-payments-may-join-apple-android-samsung-in-pay-platforms/

UPDATE: Another story works to add to this report:
http://www.mobilepaymentsinsider.com/2015/04/10/microsoft-makes-another-mobile-payments-move/

PayPal is going to release a new wallet that will utilize NFC technology:

http://www.digitaltransactions.net/news/story/PayPal-Will-Include-NFC-Capability-in-the-Coming-Version-of-Its-Mobile-Wallet

Happy Reading,

J.W. Gant 

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