| Paula Rosenblum
| Oct 29 | retail
Tim Cook announced Apple Pay on September 9 as part of the introduction to the iPhone 6. Available only on the new hardware, it went live on October 20. By most accounts, it works well for those who use it. I’ve been unable to come up with any kind of transaction volumes, but with a total of only ten million iPhone 6’s in circulation, I suspect volumes are quite low.
On September 3, MCX, the Walmart led retail payment consortium, announced its mobile payment platform, called CurrentC. I confess that I don’t know a lot about CurrentC. Most of what I’ve learned came from comments on my Forbes blog and via a public nastygram on Gizmoto. From what I can tell, the two technologies are very different, and CurrentC seeks to disintermediate credit card processors entirely...