> Some merchants said they were holding out because they plan to participate in a new mobile payment system to be launched by a coalition of retailers later thi

> Some merchants said they were holding out because they plan to participate in a new mobile payment system to be launched by a coalition of retailers later this year. Oh yes, CurrentC. http://techcrunch.com/2014/10/25/currentc/ http://techcrunch.com/2014/10/25/currentc/ > The idea behind MCX was that if enough retailers teamed up, they could convince consumers to adopt their mobile payment system that would let retailers avoid paying credit card fees in the 2 percent to 3 percent range by processing payments through Automatic Clearing House transactions through bank accounts that have much smaller fees. MCX’s app could also help retailers by encouraging loyalty to participating merchants and possibly provide them additional intelligence on their customers. They want to save money on transaction fees by having your bank account info on file. But don't worry, I'm sure they'll keep in safe. No history of huge data breaches or anything to be concerned about. Meanwhile, their app is a seaspool of their wildest marketing and promotional dreams coming to fruition. It's purpose / existence is not at all for you, it's entirely for them.