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Deeper Dive: Apple Pay vs. CurrentC
CurrentC, the mobile payment service under development from a retailer consortium known as Merchant Customer Exchange, or MCX, has been getting a lot of attention in the past week. First MCX members CVS and Rite Aid disabled their NFC payment systems to block the rival ApplePay mobile payment service, and then hackers stole the emails of CurrentC users. And despite all this publicity, CurrentC is still in pilot mode. -
Alibaba reports $9.3 billion in sales on China’s “Singles Day” sales event
New York -- Alibaba Group Holding Limited announced that it hosted $9.3 billion in sales on China’s “Singles Day,” an annual sales event held on Nov. 11.
The E-commerce giant said that 43 of all Singles Day transactions came through mobile devices, up from 21% in 2013.

