Money 20/20, Chase Bank and CurrentC

All of the money is in Vegas this week as Money 20/20 roars in to 2015.  This is the big industry trade show for all things "money".

The biggest news so far is a new mobile wallet by Chase with the retail backing of MCX and the CurrentC wallet.

Here is one article on this news:

http://www.digitaltransactions.net/news/story/Chase-Unveils-Chase-Pay_-a-Mobile-Wallet-That-Will-Work-at-Merchants-Accepting-CurrentC

Here is a snippet from that piece:

JPMorgan Chase & Co. on Monday unveiled its Chase Pay mobile wallet and said the product will begin rolling out in the middle of next year. Chase also said its new wallet will be accepted at merchants belonging to the Merchant Customer Exchange LLC, a retailer-controlled consortium that has been testing its own wallet, CurrentC, in Columbus, Ohio.

CNBC had a piece on the growing criticality of mobile wallets:

http://www.cnbc.com/2015/10/26/the-latest-in-the-battle-to-own-your-digital-wallet.html

Here is a snippet from that piece:\

The battle to own your digital wallet is on.

2016 will be a pivotal year for mobile payments, with total transaction values jumping 210 percent, according to eMarketer. Why? Mobile wallets — like Apple Pay, Android Pay, Samsung Pay and MCX — will become standard features on smartphones and more merchants will adopt point-of-sale systems that can accept mobile payments.

It makes sense then that this is a big story at Money20/20 in Las Vegas.

Here is one more article on this:

http://www.pymnts.com/news/2015/chase-pay-mobile-wallet-launches-with-mcx-as-a-partner/

Happy Reading,

J.W. Gant

**UPDATE** Great little analysis came out today about the recent CurrentC news:
http://www.digitaltransactions.net/news/story/How-MCX_s-Deals-with-Chase-Pay-And-BIM-Networks-Help-Fill-a-Tender-Gap-in-CurrentC

Here is a snippet from that piece:

With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks Inc., MCX brought open-loop and store-branded automated clearing house payments to its fledgling CurrentC service.

Next up is the press release of the keynote by the CEO of MCX:

http://www.businesswire.com/news/home/20151029006424/en/2015-Money2020-Keynote-Address-MCX-CEO-Brian

Happy Halloween!