InComm Joins MCX Fold (Sept. 30, 2014)
Prepaid product and technology provider InComm has partnered with Merchant Customer Exchange (MCX), the retailer-led consortium that recently unveiled its new mobile payments network, CurrentC. Atlanta-based InComm will add its existing retailer relationships and POS integrations to bolster and expand the CurrentC network, the company said.
The partnership “allows us to greatly expand the number of participating retail locations and represents a great opportunity for retailers to seamlessly improve the loyalty, shopping and payment experience for customers,” noted Andy Shober, chief sales and business development officer, MCX. Currently in a limited pilot phase, CurrentC is set to expand to a full nationwide rollout in 2015, eventually reaching more than 110,000 merchant locations. Users can access the network using the CurrentC mobile app—or merchants’ own mobile apps—to make in-store mobile payments via QR codes, as well as redeem offers and manage loyalty programs. Formed two years ago as a merchant-led effort to develop a mobile payments solution, MCX’s membership roster includes major retailers 7-Eleven, Target Corp., Walmart, ExxonMobil, Rite Aid and Wendy’s, among others.
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