Jason Del Rey

Recent Posts by Jason Del Rey

MCX, Big Retailers’ Mobile Wallet Initiative, Finally Names a CEO

MCX, the yet-to-launch mobile wallet and payments company backed by some of the biggest names in retail, has named Dekkers Davidson as its CEO. The company had been without an official CEO since it announced its creation in August. Davidson was most recently a managing director at Barclaycard US, a member of the Barclays Group, which launched a mobile wallet that used QR codes and stored information in the cloud — two expected features in the forthcoming MCX product. The cooperative recently added department store giant Kohl’s to its membership group that already included companies such as Walmart, Target and Best Buy.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work