It’s official: we have another competitor for the mobile payment crown. And though Google Wallet has that crown, it’s the only one in the game. Soon, ISIS will be released to the world, and will most likely surpass Wallet. There is really no reason it will not. But now MCX has been announced, standing for Merchant Customer Exchange. What an awesome name.
Some of the biggest companies in the world are on board with MCX. We have Target, Walmart, Best Buy, Sunoco, Shell, Alon, 7-Eleven, Publix, CVS, Darden Restaurants (Red Lobster, Olive Garden, LongHorn and more), Hy-Vee, Lowes, Sears, Michaels, and a lot more. There are an insane number of companies backing this system. Plus add the fact that “the application will be available through virtually any smartphone” and you have a winning formula.
It doesn’t seem to be NFC based, considering it will work on any phone. It just might even be OS agnostic, but that’s nothing but a thought running through my head. Not using NFC would let anyone use it, instead of limiting use of it. And considering so many stores will have it, it’ll be used pretty much everywhere.
Even better, it won’t be carrier controlled. Carriers hate root, because it affects their network (or so they claim) and their return policies. However, root means nothing to these companies, so they might just not care. It’s a lot bigger of a chance that us rooted users can use MCX than ISIS.
Hey ISIS, are you scared yet? I think MCX has you beat in sheer mass of support. I’m personally excited to see how this does, and hope it’s out soon. What do you guys think? Tell us in the comments!