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 FierceFinanceIT Just how revolutionary is the new MCX initiative in the unfolding battle for the future of mobile payments? Check out this quote in a Bloomberg Businessweek article: "Richard Crone, chief executive officer of Crone Consulting, which advises retailers and banks on mobile-payment solutions said that partnering with banks could lead to transactions being processed directly by a financial institution instead of passing through the payment networks (italics added) run by Visa and MasterCard and others." Read more: Retailers strike back on mobile payments - FierceFinanceIT http://www.fiercefinanceit.com/story/retailers-strike-back-mobile-payments/2012-08-23#ixzz24TGPsFHM Subscribe: http://www.fiercefinanceit.com/signup?sourceform=Viral-Tynt-FierceFinanceIT-FierceFinanceIT See all stories on this topic » |
Friday, August 24, 2012
MCX Provides Retailers with Opportunity to Eliminate Visa from Mobile Payments Equation
