11 December 2017
visit www.solutions.lexisnexis.com

ExxonMobil joins MCX

10 December 2013  |  3829 views  |  0 Couple buying smartphone

More retailers, including the world's largest publicly-traded oil and gas company, ExxonMobil, have signed up to the Merchant Customer Exchange (MCX), the retail-led coalition that is bidding to build a stake in the US consumer mobile payments market.

ExxonMobil joins convenience stores Giant Eagle, Kum & Go and Rite Aid as the latest members of MCX, expanding the group's 50-strong merchant roster to more than 100,000 locations processing in excess of $1 trillion annually.

"Mobile payments will dramatically enhance the buying experience of our customers," says John Rhodes, Americas retail director at ExxonMobil. "We look forward to helping make the simplicity and security of mobile payments a reality for customers throughout the country."

Founded in 2012, MCX is battling with banks and telcos to gain a foothold in the emerging market for mobile payments at the point-of-sale. Backed by leading merchants, including Kmart, Olive Garden and Southwest Airlines, MCX has hired Barclaycard's Dekkers Davidson as CEO and signed deals with tech partners FIS and Gemalto to create a mobile wallet that will be primarily bar code- and cloud-based.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Isis gears up for launch with Jamba Juice giveaway

Isis gears up for launch with Jamba Juice giveaway

16 October 2013  |  4922 views  |  2 comments | 9 tweets | 3 linkedin
Isis moves beyond NFC with AmEx Serve tie-up

Isis moves beyond NFC with AmEx Serve tie-up

09 August 2013  |  8392 views  |  0 comments | 11 tweets
Isis set for national roll out

Isis set for national roll out

31 July 2013  |  6252 views  |  1 comments | 7 tweets | 3 linkedin
MCX names Barclaycard veteran Davidson CEO

MCX names Barclaycard veteran Davidson CEO

19 July 2013  |  5665 views  |  0 comments | 3 tweets
MCX taps FIS to power m-commerce payments network

MCX taps FIS to power m-commerce payments network

11 July 2013  |  6182 views  |  0 comments | 6 tweets | 4 linkedin
US retail consortium MCX picks Gemalto for mobile wallet

US retail consortium MCX picks Gemalto for mobile wallet

17 April 2013  |  7776 views  |  1 comments | 10 tweets | 4 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.solutions.lexisnexis.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18243 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11143 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7107 views comments | 13 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6504 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5902 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job