04-29-2015, 02:58 PM
MCX was formed as a consortium to try to be a credit card alternative where retailers would not pay the credit card bank fees. MCX needed the retailers to be united to stand against the credit card companies.
MCX was DOA because they would have required us to give direct access to a bank account and our Social security number. No one I know is willing to authorize this info due to data theft possibilities.
MCX was DOA because they would have required us to give direct access to a bank account and our Social security number. No one I know is willing to authorize this info due to data theft possibilities.
cbelt3 wrote:
I don't understand the insistence at banning one to embrace the other at the merchant level. Have dual functionality readers and Bob's your uncle. Merchants need to be payment system neutral... who cares where the money comes from, as long as it shows up !
Payment system vendors can offer cost reductions and whatnot to attract customers into buying their hardware. Of course eventually someone will build a phone with both devices....