For those who remember the mobile payment system that was QR based called MCX Current C that had also made an attempt to take on the service of the Apple Pay. While waves were created soon after it was launched two years ago when the retail members were required to either switch the Apple Pay feature or be fined, if that was not enough it was also hacked quickly.
The fans of Apple Pay had made a lot of fun about the service in the form of various reviews in regards to the app. But it was not long before the ranks were broken by the retailers. While one CEO was replaced by another, it was seen that there was some back pedaling going on in a rapid pace on Apple Pay.
Ever since then, there has been not much news about MCX, and this is not surprising that the idea is being given up by the consortium finally. MCX gave a statement to TechCrunch where they stated that the company plans to focus on various other aspects of their business and was also planning to sack 30 employees and also the rollout of Current C nationwide has been postponed.
Based on their Columbus pilot and marketplace feedback, the company has taken a decision in concentrating more on the immediate term of other business aspects which also includes their business with financial institutions such as their Chase partnership so that they can scale and enable the various solutions pertaining to mobile payments. As the part of the company S transition, the nationwide rollout has been postponed pertaining to the Current C Application of MCX. Due to this particular change, the company has also decided to reduce their staff by sacking out 30 employees. Weather it has been actually postponed or abandoned, this is something that is yet to be known.
