You’re either in or you’re out of MCX’s mobile payments club. Here’s why retailers are staying in


MCX has been in the news a lately a lot more than it probably wants to be. Instead of making news with CurrentC, the mobile payments system it plans to launch nationwide next year, the company been making headlines about the competing mobile wallets it won’t support.

MCX (which stands for the Merchant Consumer Exchange) took to its blog Wednesday morning to explain its policies and its reasoning, confirming in the process what had already become apparent: Retailers that participate in MCX are banned from using any other smartphone payments method, whether it’s [company]Apple[/company] Pay, [company]Google[/company] Wallet or Softcard. And that list of participating retailers is a long one, including [company]Walmart[/company], [company]Target[/company], [company]Best Buy[/company], [company]CVS[/company], [company]7-Eleven[/company] and dozens of other big restaurant, pharmacy and retail chains.

Image: Shutterstock / Sinisa Botas Image: Shutterstock / Sinisa Botas

MCX said that any merchant is free to leave, but they’re either in or out. If a merchant leaves…

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