As merchants like Walmart move ahead on their own mobile payment strategies, a consortium that once counted Walmart — along with a number of other big retailers and brands — behind it, has taken a step back. Merchant Customer Exchange (MCX) today announced it would postpone a nationwide rollout of CurrentC, a smartphone payment initiative originally conceived as a mobile wallet rival to smartphone-led services like Apple Pay and Android Pay. As a result, MCX said it would lay off 30 people as it shifted its focus to working with financial institutions.
It’s dead, just cancel it.
I’d love to be a fly on the wall at this company’s headquarters.
I’m somewhat disappointed we’ll never get to read the stories about mass privacy breaches.
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I wonder what percentage of their workforce 30 people is?
It was dead a year ago. It’s too late for cancelling, time to call a zombie killer.
SHOCKING!
It was really funny to see them barrel ahead last year despite everybody knowing that this would fail. And it did fail.
Half.
It’s not dead because it was never alive. More like stillborn.
Ouch!