Retailers turn to mobile payments

Retailers turn to mobile payments

Big name retailers are teaming up to create Merchant Customer Exchange, a new company that will give customers the option of paying for purchases with their cellphones.

Mike Cook, corporate vice president and assistant treasurer for Wal-Mart, said in a statement that using a mobile app will help to cut down costs and make shopping faster and more convenient.

Other retailers included in Merchant Customer Exchange are 7-Eleven, Inc., Alon Brands, CVS/pharmacy, Darden Restaurants Inc., HMSHost, Hy-Vee Inc., Lowe's Cos., Publix Super Markets Inc., Sears Holdings Corp., Shell Oil Products US, and Sunoco Inc.

Read more at The Statesman Journal.

{biztweet}mobile payment{/biztweet}

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