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payment apps

Wal-Mart, Best Buy, others gang up on Google Wallet

Watch out, Google Wallet. There's a new mobile-payment service in the works.

A consortium of of retailers today announced that they have launched a mobile-commerce company, called Merchant Customer Exchange (MCX). Best Buy, Target, Wal-Mart, and Lowe's are among the many companies that have signed up for the initiative. The companies combine to generate a whopping $1 trillion in sales each year.

MCX is currently in the process of developing a mobile application that would allow customers to pay for purchases at participating retailers with their mobile devices. According to MCX, the app will work across "virtually … Read more

More Android owners paying for items via their phones

Android owners are increasingly using their phones to make payments on the go.

Nearly 35 percent of Android users monitored by market research firm NPD in March were using mobile-payment apps, a rise of 8 percent since August. Among the people sampled, a larger number are using their phones to move money, buy products and services, comparison shop, and redeem coupons.

"Consumers are doing everything from basic utility (bill pay, moving money, and account management) to using the phone itself to pay for goods and services of limited value (micro-transactions), including buying a cup of coffee or movie tickets,&… Read more