Apple Pay competitor CurrentC may not launch until next year

Re/code:

CurrentC, the payments app being created by a consortium of big retailers known as MCX, may not launch widely this year as originally planned, MCX CEO Brian Mooney told Re/code in an interview on Tuesday. The company will begin a public pilot of its app in Columbus, Ohio in a few weeks and will not rush a wider rollout if the product is not ready, he said.

“This is a long game,” Mooney said. “Certainly going faster is always better — that’s not necessarily a debatable point. But we’re going to do it right.”

I don’t think there’s much doubt, after RiteAid and Best Buy and others have changed their plans, that CurrentC, at least in its present form, is DOA.