The Merchant Customer Exchange said that its CurrentC mobile payment service will be shut down in its current form later this month.
“We will be concluding our beta on June 28, 2016,” said the MCX web site. “Please stay tuned for new information on CurrentC as our future plans evolve.”
CurrentC is a mobile payment service created by a collection of retailers, including Walmart, Best Buy, Dunkin Donuts, Kmart, Old Navy, Kohl’s, Lowes, and others. It was meant to compete with Apple Pay, Android Pay, and Samsung Pay. The service was initially beta tested in Columbus, Ohio.
Last month, MCX delayed the national rollout of CurrentC and said it planned to evaluate its future. Now, according to the MCX web site, the organization said it has “not yet determined the future timing of CurrentC, but we will keep you posted.”
None of the retailers that supported CurrentC have announced plans to support the other mobile payment services being used by today’s smartphone owners.
