MCX's CurrentC Delayed Indefinitely and ChasePay Delayed

Mobile payments news.

After months of silence, with no major news this year until now, MCX has made some news.  Their mobile wallet capability, live now in Columbus, OH, will not be rolled out nationally any time soon.

Read more:

http://www.digitaltransactions.net/news/story/After-Eight-Months-of-Testing_-MCX-Postpones-CurrentC-Rollout_-Lays-off-30-Staffers

Here is a snippet from the piece:

After eight months of experimentation in Columbus, Ohio, Merchant Customer Exchange LLC on Monday issued a statement from chief executive Brian Mooney announcing it is putting off a national rollout of its CurrentC mobile-payments service to an unspecified date. Mooney added that the Boston-based company, formed in 2012 by many of the country’s biggest retailers, also has laid off 30 staffers in light of a need for “fewer resources.”

In other, somewhat related news, ChasePay is delayed:

http://www.digitaltransactions.net/news/story/Chase-Pay-Delays-Launch-to-Fourth-Quarter_-Amazon-And-Google-Talk-Technology

Here is a snippet from the piece:

JPMorgan Chase & Co.’s Chase Pay mobile-payment service, announced in October, will have a phased-in launch in the fourth quarter, according to Kim Fitzsimmons, head of global e-commerce and large omnichannel solutions at Chase Commerce Solutions.

Looks like MCX wants to get out of the mobile app business and act as a switch between retailers and financial institutions.

Happy Reading,

J.W. Gant