MCX Names Davidson CEO
Brings mobile, financial, network expertise to mobile wallet effort
DALLAS -- The Merchant Customer Exchange (MCX) board of managers has named Dekkers L. Davidson its CEO.
Davidson, most recently managing director at Barclaycard US, has been a leader in the financial services and mobile industries for more than 25 years. At Barclaycard, he launched a cloud-based U.S. mobile commerce wallet specifically designed to be merchant friendly, creating deals and partnerships with more than 50 retailers, along with card issuers, processors and technology partners.
He joins MCX at a time when the organization said it is progressing toward bringing its customer-focused and securely-delivered mobile payments solution to market, it said. In recent weeks, the group has announced relationships with leading technology partners, Gemalto and FIS. And it has bolstered its roster of major retail brands with the recent addition of Circle K, Phillips 66 and Southwest Airlines.
MCX merchants now represent more than 20 of the National Retail Federation's Top 100 merchants. Collectively, the group's members operate nearly 90,000 stores and process more than $1 trillion in payments each year.
In the convenience and fuel channels, members include 7-Eleven Inc., Dallas; Alon Brands, Dallas; Circle K, Laval, Quebec; Pacific Convenience & Fuels LLC, Pleasanton, Calif.; Phillips 66, Houston; QuikTrip Corp., Tulsa, Okla; RaceTrac Petroleum Inc., Atlanta; Sheetz Inc., Altoona, Pa.; Shell Oil Products US, Houston; Sunoco Inc., Philadelphia; Wawa Inc., Wawa, Pa.; and others.
Major nonconvenience merchants include Walmart and Target, as well as Banana Republic, Baskin Robbins, Bed Bath & Beyond, Best Buy, Buy Buy Baby, Christmas Tree Shops, CVS, Darden Restaurants, Dick's Sporting Goods, Dillard's, Dunkin' Brands, Face Values, Gap, HMSHost, Hobby Lobby, Hy-Vee, Kmart, Kohl's, Lowe's, Meijer, Michaels, Old Navy, Price Rite, Publix Super Markets, Sam's Club, Sears, Shop Rite, Southwest Airlines and Wakefern Foods.
"The strength of the customer experience, the breadth of acceptance and the quality and security of technology the MCX solution will offer provides MCX with a historic opportunity to improve the shopping and paying experience for customers," said Davidson.
Previously, Davidson led management consultancy Oliver Wyman's U.S. mobile practice, and he managed investing activity in the mobile sector for Fidelity Ventures. He also held chief executive roles at c3, a multi-carrier online mobile retailer of mobile devices and services, and Cetacean Networks, a data-networking startup backed by leading venture-capital firms Charles River and Prism Ventures. During the mid to late 1990s, he led Sprint PCS' startup mobile operation in New England, and he was regional president of Rogers Cantel, helping drive the turnaround of Canada's largest mobile operator.
"It was imperative for MCX to select a CEO who has a strong passion for the customer, who understands the emerging mobile payments industry, and who also aligns with the key objectives of MCX. In Dekkers, we have found someone uniquely qualified for this role," the board said.
Founded in 2012, MCX seeks to lead the shift to mobile payments by providing better shopping and paying experiences for customers and merchants alike. Its owner-members include leaders in the big-box, convenience, drug, fuel, grocery, quick-service and full-service dining, specialty retail and travel categories. The company is based in Coppell, Texas.