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MCX sells one-time Apple Pay challenger CurrentC to JPMorgan Chase

MCX sells one time Apple Pay challenger CurrentC to JPMorgan Chase

The announcement from JPMorgan Chase comes nine months after MCX officially shut down CurrentC operations following a brief beta period last June.

Though JPMorgan Chase fails to mention the CurrentC brand name, instead referencing MCX “FinTech” payments technology, the failed platform is thought to be at the heart of the sale. The bank partnered with MCX to integrate CurrentC assets at the core of its Chase Pay app in 2015, and today’s purchase is an extension of that effort.

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