MCX names Barclaycard exec Dekkers Davidson as CEO
Merchant Customer Exchange, the forthcoming nationwide mobile commerce network spearheaded by retailers including Walmart, Target, Best Buy and 7-Eleven, has named Dekkers Davidson as chief executive officer.
Davidson most recently served as managing director of mobile commerce at Barclaycard US, where he supervised the launch of the financial service's cloud-based bPay mobile wallet initiative, inking partnerships with more than 50 retailers as well as card issuers, processors and technology partners. Prior to joining Barclaycard, Davidson led management consultancy Oliver Wyman's U.S. mobile practice and spearheaded Fidelity Ventures' mobile investment activity. During the mid-to-late 1990s, he also served as a vice president at what was then called Sprint PCS, overseeing operations in the New England region.
MCX revealed its m-commerce ambitions in mid-2012 but has been without a CEO since that time. MCX partners collectively operate more than 75,000 stores and process more than $1 trillion in annual payments: Insiders say the retailers formed the venture due to concerns at the inroads made by Google (NASDAQ:GOOG), operator-backed Isis and other mobile players, and want to reclaim control over the customer experience.
In April, MCX revealed that its cloud-based mobile wallet will support barcode-enabled transactions and will run on Gemalto's Allynis Mobile Payment platform. MCX also will leverage Gemalto software to offer branded smartphone applications as well as an SDK allowing retailer partners to embed the wallet functionality within their own apps. MCX said that all merchant members will accept the wallet once it is fully deployed: In addition to payment capabilities, the wallet will integrate offers, promotions, loyalty programs and location-based services.
Last week, MCX selected banking and payments technologies provider FIS to power consumer purchases across smartphones and tablets. FIS will deliver services including payment processing, network infrastructure, routing and settlement, enabling MCX partners to authorize and complete transactions in real time. MCX executive Dodd Roberts said the company selected FIS as its payments partner because of the company's payment experience and expertise. FIS serves more than 14,000 financial institutions, retailers and third-party processors in more than 100 countries worldwide.
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