There was a change of leadership at MCX, the mobile-payments effort backed by major merchants including Walmart, a day after member Best Buy jumped ship for Apple's competing system Apple Pay.
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MCX gets new CEO after Apple Pay scores Best Buy
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The partnership is a big one for Apple, because it’s the first with a member of MCX, a consortium of retailers and food chains that is building a payment app called CurrentC that is expected to be competitive with Apple Pay. A Best Buy spokeswoman said, “We remain invested in MCX,” but would not commit to accepting CurrentC when it launches to the public. “We are actively monitoring their pilots,” she said. “It’s too early to declare whether we will take it at launch.” In a statement, MCX Chief Operating Officer Scott Rankin called Best Buy “a strong MCX partner and supporter of the CurrentC initiative.”
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