{"id":1811,"date":"2018-03-13T11:48:50","date_gmt":"2018-03-13T11:48:50","guid":{"rendered":"http:\/\/reformingretail.com\/?p=1811"},"modified":"2019-01-23T09:21:55","modified_gmt":"2019-01-23T15:21:55","slug":"the-days-of-interchange-are-numbered","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2018\/03\/13\/the-days-of-interchange-are-numbered\/","title":{"rendered":"The Days of Interchange Are Numbered"},"content":{"rendered":"<p>You may recall never-realized mobile payments product, <a href=\"https:\/\/www.recode.net\/2016\/6\/8\/11888834\/mcx-currentc-payments-app-shuts-down\">CurrentC<\/a>. It was built by <a href=\"https:\/\/en.wikipedia.org\/wiki\/Merchant_Customer_Exchange\">MCX<\/a>, a consortium of large retailers that wanted their own mobile payments app that would work across their combined stores. The product failed to launched and it <a href=\"https:\/\/9to5mac.com\/2017\/03\/10\/chase-mcx-apple-pay-currentc\/\">assets were gobbled up by JP Morgan Chase,<\/a>\u00a0an ending we could have predicted given how atrocious retailers are at anything resembling technology and innovation.<\/p><p><strong>But the motivations behind CurrentC are inevitable.<\/strong><\/p><div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/reformingretail.com\/index.php\/subscribe\/\">Subscribe<\/a> or <a href=\"https:\/\/reformingretail.com\/index.php\/log-in\/\">log in<\/a> to read the rest of this content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>You may recall never-realized mobile payments product, CurrentC. It was built by MCX, a consortium of large retailers that wanted their own mobile payments app that would work across their combined stores. The product failed to launched and it assets were gobbled up by JP Morgan Chase,\u00a0an ending we could have predicted given how atrocious [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,4],"tags":[],"class_list":["post-1811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solutions","category-merchants"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p81nA2-td","jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2018\/03\/a1-4.png?fit=446%2C263&ssl=1","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/1811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/comments?post=1811"}],"version-history":[{"count":10,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/1811\/revisions"}],"predecessor-version":[{"id":4202,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/1811\/revisions\/4202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/2651"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=1811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=1811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=1811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}