The Wall Street Journal has revealed that a large group of big-name U.S. stores is planning its own entry into the burgeoning mobile payments market. The companies include Target, Wal-Mart, 7-Eleven and Sunoco and the group will be called the Merchant Customer Exchange. It’s at an “early stage”, the WSJ thinks, and as yet has no CEO or definitive launch date, but it’s nevertheless a very serious move to try to reap profits from what is widely expected to become the next way to pay for things in stores–by smartphone. Read the full story at Fast Company.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.