TO A NEW MOBILE PAYMENT SOLUTION
Merchant Customer Exchange (MCX) was created by a group of the nation's leading merchants with a singular purpose:
offering consumers a customer-focused, versatile and seamlessly integrated mobile-commerce platform.
Development of the mobile application is underway, with an initial focus on a flexible solution that will offer merchants a customizable platform with the features and functionality needed to best meet consumers' needs. The application will be available through virtually any smartphone.
The company is led by merchants such as 7-Eleven, Inc.; Alon Brands; Bed Bath & Beyond Inc.; Best Buy Co., Inc.; Brinker International, Inc.; CVS/pharmacy; Darden Restaurants; DICK’s Sporting Goods; Dillard’s, Inc.; Dunkin’ Brands; Gap Inc.; HMSHost; Hobby Lobby Stores, Inc.; Hy-Vee, Inc.; Lowe’s; Meijer; Michaels Stores, Inc.; Pacific Convenience & Fuels LLC; Publix Super Markets, Inc.; QuikTrip Corporation; RaceTrac; Sears Holdings; Sheetz, Inc.; Shell Oil Products U.S.; Southwest Airlines; Sunoco, Inc.; Target Corp.; Wakefern Food Corp.; Wal-Mart Stores, Inc.; and Wawa. Combined, these participating member merchants already serve nearly every smartphone-enabled American on a weekly basis, giving MCX the unique ability to offer a mobile-commerce solution that truly works for consumers.
MCX will be announcing additional merchants, as well as more details regarding its product offering and partners, in the weeks and months ahead.
PARTICIPATING MERCHANTS INCLUDE:
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MCX IN THE MEDIA
MCX Press Releases
MCX SELECTS GEMALTO FOR MOBILE COMMERCE PLATFORM (PDF 238KB)
April 17, 2013
“MCX intends to help change the payments status quo with a secure, customer-focused mobile platform that has a common set of standards. MCX’s solution may not be on the market yet, but once it is, it will quickly be accepted at a broad array of retailers processing more than $1 trillion in payments annually. No other solution can say that.”
November 8, 2012, Mobile Payments Today, by Dodd Roberts
“At the same time, the group made it clear they are not prepared to support multiple wallet products. Indeed, they could limit their support to just MCX. “We’ve chosen MCX as the solution we’ll accept,” said Cook. “We’re not going to spread our bets over seven or eight flavors of mobile payments.”
October 26, 2012, Digital Transactions
“Mobile payments are expected to rise nearly four-fold to more than $1.3 trillion annually by 2017, according to a recent report by Juniper Research... The founders of MCX hope the burgeoning membership, including some big-name retailers, could give mobile payment the critical mass it needs to take off.”
October 1, 2012, Reuters, by Nivedita Bhattacharjee
“But it's not just Target, Walmart, and Best Buy. 7-Eleven, Publix, CVS, Darden Restaurants (Red Lobster, Olive Garden, LongHorn and more), HMSHost, Hy-Vee, Lowes, Sears, Michaels and more are all on board. The members of this group account for over $1 trillion in sales a year around the world.”
August 15, 2012, Android Police, by David Ruddock
“In a play to develop a mobile wallet of their own, a joint venture of retailers is working with banks to provide a merchant-friendly alternative to Isis, PayPal and Google Wallet. The Merchant Customer Exchange — which includes 7-Eleven, Best Buy, CVS, Lowe's, Sears, Shell, Target and Wal-Mart — has already begun building its own mobile payment applications.”
August 15, 2012, American Banker, by Sean Sposito
“With MCX on the way, Google might find it a bit more difficult to expand its offering. Google is forced to partner with merchants and credit card companies to get its service up and running. With so many major retailers signing on to MCX, they might not want to partner with Google on Wallet.”
August 15, 2012, C|Net, by Don Reisinger
"The group of retailers, which accounts for about $1 trillion in annual sales, wants to make sure it has a say as standards for mobile payments are developed."
August 15, 2012, Bottomline NBC News, by Juhi Arora, Reuters
"More than a dozen big merchants are expected to announce Wednesday their plans to jointly develop a mobile-payments network that would battle similar services from Google Inc. and other companies, people involved in the effort said."
August 15, 2012, The Wall Street Journal, by Robin Sidel