Company Information

Get to know Current-C LLC.

Current-C was a mobile payment platform developed by the Merchant Customer Exchange (MCX), a joint venture of leading U.S. retailers including Walmart, Target, Best Buy, and others. The company's mission was to create a payment system that bypassed traditional credit card networks, thereby avoiding interchange fees for its member merchants. The platform utilized QR codes on a customer's smartphone to initiate payments directly from their bank account via the ACH network. Despite significant backing, the project faced challenges with user adoption due to a cumbersome user experience and public controversy over member retailers disabling competing NFC-based services like Apple Pay. The service was officially discontinued in June 2016, and its underlying technology was later sold to JPMorgan Chase.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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Current-C LLC.

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.