Mobile payment platforms are making their way into our phones. Companies see this as a big opportunity to make a lot of money, the only problem is, how to get consumers hocked up on their platform. The solution is to get a bunch of big retailers together and unit them into your mobile payment system. That’s easier said then done, as those retailers have decided to form their own mobile payment system and leave Google, Visa, and other humongous companies from taking a slice at the mobile payment platform. Best Buy, Walmart, Target, 7-Eleven, Shell, Sears, CVS and many more have named their united mobile payment system Merchant Customer Exchange. So it’s possible that in the near future you’ll be paying via your phone, everywhere and not where only Google Wallet is accepted.
Source: MCX, ABC
Posted in Finance
- Tagged Best Buy, BestBuy, business, cvs, Lowes, mcx, Merchant Customer Exchange, MerchantCustomerExchange, mobile, Mobile payment, mobilepostcross, payment, Sears, Shell, Target, wallet, Walmart
The big corporations out there have decided to stop thinking about themselves (as a company) and got some IQ back in their brains, to put mobile payments for the masses as a priority. This is great news for us (consumers) as this means the wait for proper mobile payments for stores near us will be less. The committee which is made up of Google, Paypal, Visa, Isis, VeriFon, Wells Fargo, Capital One, American Express, Discover, MasterCard, Visa, and US carriers are here to win and are not just playing games. So, hopefully in the not so distance future I’ll be able to take out my phone and pay.
Posted in Finance
- Tagged AT&T, Google, Google Wallet, Mastercard, mobile, Mobile payment, mobile payments, Money, PayPal, paypal visa, Us carriers, verifon, Visa