Los Angeles Business Journal

Payment Network Takes on Google Wallet

Wednesday, August 15, 2012

More than a dozen big merchants announced Wednesday their plans to jointly develop a mobile-payments network that will battle similar services from Google Inc. and other companies. The Wall Street Journal reports that Wal-Mart Stores Inc. and Target Corp. are among the companies hoping to elbow their way into the burgeoning market that turns smartphones into devices for making purchases.