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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MCX blocks PayPal as well as Apple Pay — report

Retailer-backed venture MCX bars its members from allowing PayPal for mobile payments in their stores, according to recent comments made by Bob Carr, the CEO of merchant-acquirer Heartland Payment Systems. Carr (pictured) was speaking at an industry event and his …

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