Be a fast follower in the payments arena

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr MCX’s announcement in mid-May that it was shelving the rollout of its CurrentC mobile wallet app was somewhat anticlimactic.The retailer consortium generated plenty of intrigue upon its late 2012 formation, boasting deep pockets and impressive point-of-sale reach, and promising a merchant-driven payments scheme with the unspoken yet clear goal of slashing acceptance cost.But while three years passed with no sign of a product, Apple Pay beat them to market and seized control of the narrative, exposing tensions within the coalition.Last October’s news that MCX had partnered with Chase Pay seemed to foreshadow an exit ramp. Sure enough, MCX CEO Brian Mooney’s recent announcement cited a shift in focus to “other aspects of our business, including working with financial institutions.”Plenty has been written about MCX’s missteps and fundamental flaws. But with Apple Pay adoption running well below initial expectations and Samsung Pay, Android Pay, and CU Wallet lagging even further behind, a troubling sentiment is emerging. continue reading »last_img read more

US LNG developer NextDecade plans to ink Rio Grande EPC deal with CB&I in Q2

first_imgThe proposed Rio Grande LNG export facility (Image courtesy of NextDecade)US LNG export project developer, NextDecade is planning to sign a binding engineering, procurement, and construction (EPC) deal with CB&I for its proposed Rio Grande project in the second quarter of this year.The company said this in a statement on Thursday announcing the completion of the front-end engineering and design (FEED) update package for the LNG export project in South Texas.The update incorporates identified cost reduction and value improvement initiatives and reconfirms market-leading EPC cost estimates for three trains of $490 per ton with a target of $450 per ton, the statement said.For two trains the EPC cost estimate improved to $535 per ton with a target of $500 per ton, it said.“Utilizing Air Products’ AP-C3MR liquefaction technology and GE rotating equipment to achieve optimal configuration and economies of scale, Rio Grande LNG stands out thanks to its proven project design allowing for low risk, highly competitive economics across multiple build scenarios,” said NextDecade CEO Matt Schatzman.The scalable development affords NextDecade flexibility to reach final investment decision (FID) with as few as two trains, without sacrificing economics.“We intend to develop our full 6-train project at Rio Grande, and by incorporating a competitive, scalable design, we are able to offer a lower risk profile to both investors and customers beginning with our first two trains,” added Schatzman.NextDecade and CB&I are currently finalizing an open book estimate to incorporate the FEED update improvements, the statement said.last_img read more

Injury update expected from Irish camp

first_imgAssistant manager Roy Keane says if McCarthy doesn’t train today it’s unlikely he’ll feature against the Welsh on Friday.Seamus Coleman, Jonathan Hayes and Shane Long all sat out training yesterday but could return today.last_img