Yesterday, a rumor at the Wall Street Journal stated that major retailers like Walmart, Target, and 7-Eleven were in the process of teaming up to create their own mobile payment solution. They sure didn't waste much time on making it official, as this morning that solution was announced as "MCX" - or, Merchant Customer Exchange. Sexy.
This is a big deal, though. And it's a big deal because of the names in the headline above - quite literally most places where Americans buy things have come together to create a mobile wallet system.Read More