MCX CEO Dekkers Davidson Steps Down

Dekkers Davidson, CEO of Merchant Customer Exchange (MCX), developer of the CurrentC mobile payment platform, is leaving the company. MCX has announced the appointment of financial services and payment industry veteran Brian V. Mooney as the company’s Interim Chief Executive Officer. Mooney succeeds Dekkers Davidson, who is leaving MCX to pursue other opportunities. The move comes on the heels of an increasing number of competitive players in the mobile payments field, and the recent announcement during Apple’s earnings call that Best Buy is poised to break from exclusivity with CurrentC and begin supporting Apple Pay. CurrentC merchants Home Depot and Acme also have plans to accept Apple Pay.

According to an MCX press release, Interim CEO Brian Mooney was most recently CEO and a board member of Bank of America Merchant Services, one of the largest U.S. merchant payment acquirers, serving a significant segment of large U.S. merchants. As CEO, Mooney oversaw all aspects of client engagement, product strategies including mobile, sales, operations, risk, and compliance. He was previously Chief Financial Officer, and later President, of First Data Merchant Services, which provides payment technology and services to millions of merchants including many with global operations.

MCX, whose owners include several of the largest merchants in the world, said: “Brian is a proven leader who has spent a substantial portion of his career at the forefront of payment technology, processing and acquisition. He is the right leader for MCX now: talented, experienced, consumer-focused, and fully prepared to help MCX and its hard-working employees deliver on the company’s enormous potential and vision.”

“We appreciate the contributions Dekkers has made to MCX in helping establish the foundation for the company’s growth and success,” the company continued. “We wish him well in his new endeavors.”

“MCX was created to capitalize on a tremendous opportunity for consumers, and I look forward to taking the company through the next exciting phase of bringing CurrentC to the market,” said Mooney.

“MCX has a talented team in place backed by the determination and resources of many of the world’s largest and most successful merchants. Building on that foundation, we’re focused on making CurrentC™ the consumer preferred mobile payments app.”

Sources: MCX, 9to5mac