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