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Merchant Customer Exchange, or MCX, announced Tuesday that Dekkers Davidson was leaving the group "to pursue other opportunities." Davidson, who had served as MCX's chief since 2013, will be replaced on an interim basis by Brian Mooney, a former CEO of Bank of America Merchant Services. "We appreciate the contributions Dekkers has made to MCX in helping establish the foundation for the company's growth and success," the company said in a statement. "We wish him well in his new endeavors."The change in leadership comes a day after electronics retailer Best Buy announced that its customers could now use Apple Pay to complete purchases made through the electronics retailer's app and would soon be able to use the mobile-payments system in store. Best Buy was a supporter of CurrentC, the system created by MCX, which has the backing of such merchants as Walmart, Target and Lowe's.
Commenting on Best Buy's decision to embrace Apple Pay, MCX said Monday that Best Buy remained a partner in the consortium and a CurrentC supporter, A Best Buy spokesman confirmed Tuesday that the chain was still a member of the MCX consortium, MCX said Davidson's departure was unrelated to Best Buy's decision, "Today's news has nothing to do with yesterday's news," MCX spokeswoman iphone screen protector for back Kristin Parran Faulder told CNET, Mobile payments are expected to explode in popularity by next year, growing to $27.5 billion in US transactions from last year's $3.5 billion, according to market research firm eMarketer, The number of mobile-payment users in the US is expected to hit 36.2 million next year, more than twice the number using digital wallets in 2014, the researcher said..
Many other companies have tried to tackle mobile payments in the past, with services that include Google Wallet, Softcard and PayPal, but it's been hard to convince merchants and consumers to sign on. Apple gave the sector a jump-start in September with the launch of Apple Pay , which allows consumers to make credit card purchases with an iPhone 6 or iPhone 6 Plus . Less than 72 hours after its debut, 1 million credit cards had been used on the service. Not long after Apple Pay's launch, the payments system ran into resistance from a group of MCX merchants, with some members of the consortium deciding to disable consumers' ability to use Apple Pay in anticipation of the launch of MCX's alternative payments service. MCX denied encouraging the Rite Aid and CVS drugstore chains to block Apple Pay by disabling NFC terminals.
Aside from iphone screen protector for back Apple, MCX faces stiff competition from other companies that offer similar mobile payments services, Samsung offers its new Samsung Pay feature on the new Galaxy S6 and Galaxy S6 Edge and has unveiled a mobile-payments service called Android Pay, PayPal, the digital payments unit being spun off from eBay later this year, plans to acquire Paydiant, a startup that helps companies such as Subway and Capitol One build mobile-payments options, CurrentC, which is expected to launch widely this year, relies on QR codes rather than fingerprint identification, potentially making the system less convenient than Apple Pay, It also lacks support for NFC and the tap-and-pay feature found on Apple Pay and Google Wallet, which also uses the same technology..
Updated at 6:45 p.m. PT to include MCX's comment. Updated at 8:15 p.m. PT to include Best Buy's comment. Change of leadership at the mobile-payments effort backed by major merchants comes a day after member Best Buy opted for Apple's competing system. A consortium of major retailers backing a mobile-payments effort has appointed a new chief executive a day after member Best Buy announced it would support a competing system created by Apple. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
The South Korean electronics giant -- which makes everything from smartphones and TVs to memory chips and displays -- on Tuesday reported March quarter sales and operating profits largely in line with its estimate from earlier this month, Sales dropped 12 percent from the previous year while Samsung's operating profit fell 30 percent, A 30 percent decline in operating profit isn't minor, but it's a smaller drop than what Samsung has posted iphone screen protector for back in previous quarters -- 36 percent in the fourth quarter and 60 percent in the third quarter, Samsung also said smartphone shipments increased from the fourth quarter, led by mid- to low-end device, though tablet and feature phone sales fell..
"Earnings improved due to more efficient management of marketing expenditures, expanded sales of middle-end smartphones including the Galaxy A Series, and a strengthened premium lineup following the introduction of the Galaxy S6 and S6 edge," Samsung said in a press release. Still, Samsung's IT and mobile business recorded a 57 percent year-over-year drop in operating profits, compared with a 64 percent decline in the fourth quarter and a 74 percent tumble in the third. Samsung has been struggling over the past couple years as consumers opt for devices from its rivals, such as Apple. The company is counting on its new Galaxy S6 and Galaxy S6 Edge smartphones, released earlier this month, to revitalize its mobile business. Both devices include more premium materials than their predecessors, something consumers have been requesting for years. Still, it's uncertain whether the phones will match the success of 2012's blockbuster Galaxy S3, the device that helped Samsung rise to its position as the world's smartphone king.
The company on Tuesday didn't disclose how many Galaxy phones it sold in the first quarter but said earnings for its mobile division "are expected to grow, due to increased global sales of the Galaxy iphone screen protector for back S6 and S6 Edge." Still, the company cautioned that its total smartphone shipments in the second quarter will stay even with the first quarter because of a "possible decrease in sales of middle- to low-end models." It also said marketing expenses will increase as it pushes the Galaxy S6 and S6 Edge, and overall smartphone and tablet in the market should "stagnate."Samsung's financial results, while improving, are worlds apart from rival Apple, The iPhone and iPad maker on Monday posted record revenue and iPhone and Mac sales for its fiscal second quarter, The company has been benefiting from soaring demand for its newest iPhones, particularly in emerging markets such as China, and it sold 61.2 million smartphones during the period that ended March 28, Overall, Apple's profit jumped 33 percent to $13.6 billion, and its revenue climbed 27 percent to $58 billion..