Uncategorized By PaulinePosted in
With the constant evolvment of technology, big companies are looking for ways to make shopping experiences easier and more efficient for customers. Soon, all you'll ever need to carry with you may be your cell phone. Several large corporations announced Wednesday that they are looking to develop a mobile payment app for their customers. The network, Merchant Customer Exchange (MCX) would be a downloadable app, where shoppers could store credit card or other payment information. At the check-out, customers would simply hold their phone in front of close-contact scanner to make a payment. This app wouldn't be the first mobile payment system. Last year Google launched "Google Wallet," and Verizon, AT&T and T-Mobile are partnering to release Isis, a similar system. While MCX is not a new concept, the introduction of much greater competition to the industry could help the payment method pick up steam. Some of the giant corporation involved in MCX include:
- Best Buy
Information Courtesy of: delmarvanow.com, online.wsj.com
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