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Say Bye-Bye To MCX CurrentC

PYMNTS

Members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store – branded plastic cards – to this mobile payments scheme. Walmart’s Mike Cook was perceived to be the guiding force behind the initiative – long a vocal critic of card networks and interchange.

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Hard Knocks Edition: MCX, EMV And Square

PYMNTS

Utilizing unique feedback from the marketplace and our Columbus pilot, MCX has made a decision to concentrate more heavily in the immediate term on other aspects of our business, including working with financial institutions, like our partnership with Chase, to enable and scale mobile payment solutions.

Software 109
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Gonzo Notes from Money20/20

Gonzobanker

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Lots of talk about innovation and customer experience. Two things.

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Looking back on Money 20/20

Celent Banking

In addition to a stand-alone app, Chase Pay will also be available as a payment option inside CurrentC, the wallet that MCX has been piloting in Columbus OH, the results of which were presented and greeted with a tentative applause during another keynote at Money 20/20. Sorting through a myriad of biometrics providers and approaches (e.g.

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Pamela Joseph Tapped as New President, COO at TSYS

Fintech Labs Insights

Troy Woods, TSYS CEO and chairman called Joseph “immensely respected” among payments professionals, and highlighted her “deep familiarity” with TSYS which Woods said would help the company “deliver People-Centered innovation in this rapidly evolving payments industry.” During her 11 year tenure at U.S.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Camelot Venture Group, Align Technology, Kleiner Perkins Caufield & Byers, Spark Capital, Clayton Dubilier & Rice. Plaid Technologies. Company Description: San Francisco’s Plaid Technologies builds user-friendly APIs and tools for financial institutions. . Valuation: $3.2B. Total Funding: $1.3B.