The Merchant Customer Exchange (MCX) has hired Dekkers Davidson to be its CEO. Davidson was most recently a managing director at Barclaycard US.
Davidson joins MCX, a merchant-led mobile payments initiative, as it prepares to launch a mobile wallet that works across its merchant partners. As part of that ramp up, MCX recently entered partnerships with FIS and Gemalto to establish the underlying technology.
MCX's choice of Davidson, who launched a cloud-based mobile wallet at Barclaycard, fits the company's strategy of tapping the industry's existing expertise. "We're not building from scratch," MCX executive Dodd Roberts said in an interview last week.
MCX also added Circle K, Phillips and Southwest Airlines to its roster of about two dozen merchants, and now covers more than 20 of the National Retail Federation's top 100 merchants. Collectively, these merchants operate 90,000 stores and process more than $1 trillion in payments each year.
"The strength of the customer experience, the breadth of acceptance, and the quality and security of technology the MCX solution will offer provides MCX with a historic opportunity to improve the shopping and paying experience for customers," said Davidson in a July 18 press release.
At Barclaycard, Davidson forged deals with more than 50 retailers, along with card issuers, processors, and technology partners.