Mooney succeeds Davidson as MCX interim CEO

 In News

The Merchant Customer Exchange (MCX), developer of the CurrentC mobile payment platform, has appointed financial services and payment industry veteran Brian V. Mooney as its interim CEO. Mooney succeeds Dekkers Davidson, who is leaving MCX to pursue other opportunities, according to the company.

Mooney was most recently CEO and a board member of Bank of America Merchant Services, one of the largest U.S. merchant payment acquirers, serving a significant segment of large U.S. merchants and handling billions of transactions, according to a press release. As CEO, Mooney oversaw all aspects of client engagement and product strategies including mobile, sales, operations, risk, and compliance. He was previously chief financial officer, and later president, of First Data Merchant Services, which provides payment technology and services to millions of merchants, including many with global operations.

“Brian is a proven leader who has spent a substantial portion of his career at the forefront of payment technology, processing and acquisition,” said MCX, whose owners include several of the largest merchants in the world. “He is the right leader for MCX now — talented, experienced, consumer-focused, and fully prepared to help MCX and its hard-working employees deliver on the company’s enormous potential and vision.”

“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 the statement. “We wish him well in his new endeavors.”

“MCX was created to capitalize on a tremendous opportunity for consumers, and I look forward to taking the company through the next exciting phase of bringing CurrentC to the market,” said Mooney. “MCX has a talented team in place backed by the determination and resources of many of the world’s largest and most successful merchants. Building on that foundation, we’re focused on making CurrentC the consumer-preferred mobile payments app.”

Dekkers’ depature came soon after Best Buy, an original MCX partner, announced it would begin to accept Apple Pay in its U.S. locations later this year. Consumers now can check out with Apple Pay through Best Buy’s mobile app.

In an interview with Bloomberg Television during the Money2020 2014 conference in Las Vegas, Dekkers did hint at MCX retailers being able to accept additional mobile wallets in addition to CurrentC.

MCX’s Chief Operating Officer Scott Rankin said in a statement that Best Buy “remains a strong MCX partner and supporter.”

“As we have stated in the past, we are of the firm belief that there need to be at least two to three major players within the mobile payments ecosystem for it to succeed,” Rankin said. “We remain steadfast and passionate about CurrentC, as well as completely focused on delivering the best mobile commerce solution for our merchant partners and for consumers.”


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