NeoMedia Technologies, Inc (NEOM)

[Decarz]

Yes Wilma,,that would be great for a surge to happen,,before the end of the yr..
Since Apple is rolling out scan & go pay...
Lets see how MXC rollout will benefit Neom....

CurrentC and Apple Pay are aiming to improve the way we buy and sell in the age of the internet.

A mobile payment app developed by Merchant Consumer Exchange (MCX) that allows you to pay brick and mortar merchants with your checking account, gift cards, and debit cards. The app also allows you to gain loyalty points, as well as receive exclusive discounts and coupons, which are added automatically. CurrentC is still in private testing but the app has gotten exclusive deals and support from major retailers, such as SouthWest Airlines, CVS, and 7-Eleven. CurrentC is the big retailers bet to take down the 2 to 3% credit card fees they are usually charged.

MXC has been working on mobile payment solutions for several years. The company was incorporated in 2011 and has been silently working away ever since. The company is owned by some of the largest merchants in business. Shell Oil, Target, and Best Buy are some of the biggest. None of the retailers are more interested in the companies’ success than Walmart. Walmart is said to have the most active role in the company's management and development. Walmart’s former CEO Lee Scott reportedly once said “I don’t know that MCX will succeed, and I don’t care. As long as Visa suffers.”

The project has been underwraps without too much getting out. A public version won’t be released until 2015, but a beta version of the app is currently available on Android and IOS app stores for people with invite codes. Andrew Aude, Stanford graduate and programer, received a code and proceeded to leak his experiences. When you first download the app, it asks you to link your bank account. This allows retailers to avoid paying the steep fees credit card processors charge, the money comes straight out of your checking account. In order to make a transaction, CurrentC scans a QR code the cashier provides. Alternatively, the user can also produce a QR code for the cashier to scan.

http://www.waspbarcode.com/buzz/qr-codes-mobile-payments-social-media/

http://www.fiercewireless.com/story/mcx-launch-currentc-mobile-wallet-2015-major-retailers/2014-09-05

http://techcrunch.com/2013/10/08/with-payment-code-paypal-taps-qr-codes-and-existing-hardware-for-retail-mobile-payments/

Æ