Merchant Customer Exchange CEO Dekkers Davidson said that the exclusive arrangement that bars MCX merchants from using Apple Pay will expire in "months, not years."
The Merchant Customer Exchange (MCX) is willing to use Near Field Communications technology like its rivals, its CEO said. MCX is a consortium of some of the country's largest retailers that is setting up a mobile payments program that will stand as a rival to Apple Pay, Softcard and other mobile payment offerings.
Drug store chains CVS and Rite Aid appear to have decided to stop supporting Apple Pay, the company's new mobile payments platform, as well as other payment methods that use Near Field Communications technology, according to multiple reports.
It appears that NTT DoCoMo's sphere of vendors capable of supplying network functions virtualization is getting bigger. The Japanese service provider announced it has completed proof-of-concept trials using the software and equipment of six vendors: Alcatel-Lucent, Cisco, Ericsson, Huawei, NEC and Nokia Networks.
Following Apple's unveiling of Apple Pay, its mobile payments program that uses Near Field Communications technology, the NFC Forum launched its "Tap Into NFC" Developer Program. FierceDeveloper discussed the overall developer program and the future of NFC with Paula Hunter, the NFC Forum's executive director. Hot Seat
The NFC Forum recently launched its "Tap Into NFC" Developer Program, which includes a website and a Twitter contest running Oct. 16-23. Using #Tapin2NFC, developers are invited to share what they like most about the program and site, including favorite products from the product showcase. A winning tweet will be selected at random and the winner will receive an NFC-enabled wearable device. FierceDeveloper got more details on the program and the future of NFC in this conversation with Paula Hunter, the NFC Forum's executive director. This interview has been edited and condensed.
Apple is set to launch its mobile payments service, Apple Pay, on Oct. 18, according to an internal Walgreens memo. The memo, first reported by MacRumors, indicates that launch date, but it's unclear if the service will go live then or a little before.
Apple is restricting the functionality of the Near Field Communications chipset embedded in its new iPhone 6, iPhone 6 Plus and Apple Watch products to its Apple Pay mobile payments program, according to multiple reports.
Softcard, the mobile payments company recently rebranded from Isis, said it is working with Apple to enable its own solution on the iPhone, just as Apple unveiled its own mobile payments program, Apple Pay. Although Softcard's announcement could be seen as a way to maintain its relevance now that Apple will offer a competing solution, the news underscores the idea that Apple Pay will spur consumer and retailer interest and adoption in Near Field Communication technology and mobile payments, according to analysts and industry players.
Apple announced a new mobile payments program called Apple Pay that Apple CEO Tim Cook said "will forever change the way all of us buy things." The new service will pit Apple against rivals like Google and Softcard, formerly Isis, which has the backing of Verizon Wireless, AT&T Mobility and T-Mobile US.