People with smartphones will soon be able to pay for items at a number of well-known retailers, thanks to a newly established merchant services network.
The recently formed Merchant Customer Exchange (MCX) is developing a new mobile application to increase the rate at which people engage in mobile payments. In a release, MCX said the brands that would be using its technology included Lowe’s, Walmart, Sunoco, Target, Shell, Sears, Publix Super Markets, CVS and Target.
Many of the top executives in the retail sector say that the move will benefit consumers and expand payment options.
“We believe MCX is uniquely qualified to offer the most comprehensive mobile payment options for consumers,” said Terry Scully, president of financial and retail services at Target. “By participating in MCX, merchants are in a position to effectively deliver innovative payment approaches that aren’t available today.”
Not to be outdone, Google released a program of its own in recent months and has been working to expand its reach. The company said that its Google Wallet program would now be available on all major credit card brands.Back To Blog