Apple Pay

Most people’s smartphones already serve as camera, watch and music player. Now smartphones are increasingly becoming wallets, too. read more >

Merchant Customer Exchange (MCX), a developer of mobile payment technology whose strategy has been thrown into question by big retailers developing their own mobile wallets, is postponing the nationwide rollout of its service and cut 30 jobs. read more >

Wal-Mart Stores Inc., the world's largest retailer, said it's testing its own mobile payment system that will allow shoppers to pay with any major credit or debit card or its own store gift card through its app at the cash register. read more >

The battle over mobile payment platforms is heating up. On one side is Apple Pay, which launched Oct. 20 and encourages users to pay for merchandise with Apple’s iPhone 6 and 6 Plus. Its rival is the payment system backed by Wal-Mart Stores Inc. of Bentonville and about 50 other retailers: CurrentC, created by a joint venture called MCX, the Merchant Customer Exchange of Boston. read more >

A major battle could be brewing between giants of the retail and technology world over how mobile payments will take hold in America. read more >