When JPMorgan Chase on March 10 acquired MCXâ€™s payment technology to help with Chase Pay, it likely received a bargain. After all, itâ€™s hard to envision an entity in a weaker negotiating position these days than MCX, which has already surrendered on delivering its own payment system. But a bargain is a bargain only if the value is greater than the cost, no matter how low that cost.
The MCX technology is based on QR codes, and even Walmartâ€™s Walmart Pay is struggling with the same issues that have routinely plagued not-so-easy-to-scan-the-first-time QR codes.
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