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Wireless

JPMorgan Chase buys MCX platform

Tuesday 14 March 2017 | 10:13 CET | News
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JPMorgan Chase has agreed to acquire MCX's payments technology to help expand Chase Pay, its mobile and digital wallet for Chase customers. MCX was set up by big American retailers, such as Walmart and Target, to develop a mobile payments system. After a limited trial last year under the name CurrentC, the partners announced they were scaling back the venture and would seek to work with financial institutions instead. JPMorgan's Chase Pay will build on the technology to develop its own payment service.

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Categories: Mobile & Wireless
Countries: United States
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