MCX CEO Ousted Following Best Buy Apple Pay Announcement

MCX CEO Ousted Following Best Buy Apple Pay Announcement

MCX, the company behind Apple Pay competitor CurrentC, announced on Tuesday that CEO Dekkers Davidson has left the company. The announcement comes one day after MCX member Best Buy announced that it would begin accepting Apple Pay in sits stores later this year. Davidson has been replaced on an interim basis by former Bank of America Merchant Services CEO Brian V. Mooney.

MCX CEO Ousted Following Best Buy Apple Pay Announcement
The CurrentC payment app.

Via MacRumors:

“MCX was created to capitalize on a tremendous opportunity for consumers, and I look forward to taking the company through the next exciting phase of bringing CurrentC™ to the market,” said Mooney. “MCX has a talented team in place backed by the determination and resources of many of the world’s largest and most successful merchants. Building on that foundation, we’re focused on making CurrentC™ the consumer preferred mobile payments app.”

MCX spokeswoman Kristin Parran Faulderb told CNet the move had nothing to do with the Best Buy announcement.

Best Buy was the second CurrentC member to go rogue, as Midwest-based grocery chain Meijer made the move to offer Apple Pay support in October of 2014. MCX’s exclusivity agreement with merchants reportedly ends in summer 2015, so we’ll likely see more announcements such as Best Buy’s and Meijer’s as the year progresses. MCX has yet to officially launch the CurrentC payment system in its member stores.

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