Merchant Customer Exchange Unveils Mobile Payment Network

Retailers’ CurrentC™ will improve the loyalty, shopping and payment experience.

September 04, 2014

BOSTON – Merchant Customer Exchange (MCX), a company formed by the nation's leading merchants to develop a customer-centric and secure mobile payment solution, has unveiled the brand of its new mobile payment network — CurrentC™.

The CurrentC Network was built by leading merchants to simplify, enhance and secure their customers' shopping experience. This powerful platform will be available across a broad and growing collection of leading merchants in the big box, convenience, pharmacy, fuel, grocery, dining, travel and specialty retail categories. Consumers will be able to gain access to the entire CurrentC network and all its benefits by using the CurrentC app as well as through merchants' mobile applications that utilize CurrentC functionality.

The new network has been launched in private pilot mode in select locations across the country and will expand through 2014, with regional and national rollouts to follow in 2015.

"CurrentC will offer customers a simpler, faster, secure way to checkout at their favorite merchants," said MCX CEO Dekkers Davidson, in a press release. "At full scale, CurrentC will be accepted in more than 110,000 merchant locations across the country, giving consumers unmatched access to their favorite retailers. It will also offer innovative features and benefits, such as merchant loyalty programs and instant coupon savings, all stored on the phone and available right at the point-of-sale."

According to the company, the CurrentC Network will also provide merchants with extensive reach and resources in the mobile payments category, offering merchants new channels to engage with customers, strengthen relationships and gain more control of transaction data.

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