The next big mobile payments decision set to make its way to credit unions is CurrentC, the app created by Merchant Customer Exchange large retailers that include Walmart, Target, Best Buy and CVS.

Collectively, those retailers claim more than $1 trillion in payments annually, which is bigger than the gross domestic product of all but 15 countries, according to some estimates.

That makes MCX tough to ignore. However, credit unions can find a role in CurrentC when it goes live in the very near future, MCX CEO Dekkers Davidson said in a November keynote speech at the Money20/20 payments conference in Las Vegas.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.