Best Buy gives in to Apple Pay as MCX gets new CEO

A group of major retailers backing a mobile-payments effort has appointed an interim CEO just a day after member Best Buy announced it would support a competing system from Apple. Best Buy has said its customers can use Apple Pay to make purchases via …

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CurrentC lines up mid-2015 launch

CurrentC, the mobile payment platform backed by leading retailers such as Walmart and Target, is set for a US debut in the next few months, according to PC World. If the platform, which has been developed by the retailer-backed consortium …

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Tim Cook claims Apple Pay off to strong start, not fazed by competition

Apple’s CEO Tim Cook has revealed one million credit cards were activated on Apple Pay in its first three days. So far, the US’ six biggest credit card issuers have signed up, with a reported 500 financial service providers joining early next year. Visa, MasterCard and American Express are among those already enabling the app.