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07/13/2013

Kohl's, Circle K Join Merchant-Led MCX Mobile Wallet Network

Merchant Customer Exchange (MCX), the retailer-led mobile wallet initiative that was launched last year, has added Kohl's and Circle K convenience stores to its merchant network. Collectively, the organization's 30-plus retailers operate nearly 90,000 stores and process more than $1 trillion in payments annually.

MCX also announced its selection of FIS, a global provider of banking and payments technology, to provide a payment processing, routing and settlement for mobile commerce transactions. The FIS technology will integrate with mobile wallet software being developed for MCX by Gemalto, offering consumers a personalized payment experience that includes offers, promotions, loyalty and other services.

The addition of Kohl's and Circle K, the convenience stores owned by Alimentation Couche-Tard, means MCX now counts as members eight of the top 20 retailers in the National Retail Federation's ranking of the top 100 merchants by revenue, and over 20% of the top 100 merchants. Retailing giants Walmart and Target were early members of the MCX network, which also includes Lowe's, Best Buy, Gap, CVS, Sears, 7-Eleven, Bed Bath & Beyond, Meijer and Publix.

For related content: Walmart Tests iPhone-Enabled Self-Checkout

Walmart, Target Join New Retailer-Led Mobile Payment Group