The Merchant Customer Exchange, better known as MCX, announced Tuesday that it's replacing its CEO. Dekkers Davidson is out, and banking veteran Brian Mooney is in as the [interim] chief executive for the consortium behind Apple Pay competitor CurrentC.
The news is interesting for a few reasons. For one, it's not common for a company developing an app to replace its CEO before the app launches to the public. And two, it comes just 1 day after MCX member Best Buy announced it would start accepting Apple Pay.