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Best Buy accepts Apple Pay, still involved with MCX

Best Buy was one of several large retailers who did not accept Apple Pay at launch in October because it was involved with a competing system called CurrentC.

Best Buy Monday announced it would immediately begin to accept Apple Pay in its mobile app, while adding in-store acceptance later this year at all its U.S. locations, according to a press release from the company.

Best Buy made the announcement shortly after Apple released its second quarter earnings.

Best Buy was one of several large retailers who did not accept Apple Pay at launch in October because it was involved with a competing system called CurrentC from the Merchant Customer Exchange.

A Best Buy spokesperson told various media outlets it wanted to give customers various ways to pay for goods and services through the retailer’s app and brick-and-mortar locations.

MCX Chief Operating Officer Scott Rankin said in a statement that Best Buy "remains a strong MCX partner and supporter."

"As we have stated in the past, we are of the firm belief that there need to be at least 2-3 major players within the mobile payments ecosystem for it to succeed," Rankin said. "We remain steadfast and passionate about CurrentC, as well as completely focused on delivering the best mobile commerce solution for our merchant partners and for consumers."