Credit Card Networks Pick Sides In Mobile Payments

By | November 21, 2014

Scalper1 News

Credit card networks will go along with mobile payment apps that preserve the status quo, with Apple (AAPL) Pay, Google Wallet and phone-company-backed Softcard having the inside track, Moody’s Investors Service says in a new report. American Express (AXP), MasterCard (MA) and Visa (V), however, will not support MCX, a likely new entrant in 2015, says Moody’s. Retail consortium MCX plans to launch its own mobile wallet, dubbed CurrentC, with the Scalper1 News

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