It's been roughly nine months since more than a dozen leading U.S. retailers including Walmart, Target, Best Buy, Sears and 7-Eleven first banded together to create Merchant Customer Exchange, a nationwide mobile commerce network designed to support smartphone-enabled purchases, consumer offers and mobile marketing promotions. The MCX initiative remains a work in progress, but here's what we know.
Sprint Nextel prepaid brand Boost Mobile launched an Android-based mobile wallet service powered by Wipit that will let consumers load cash to their wallet, pay their bills, top-up their account, transfer funds and send money to other countries. In addition, customers will get a reloadable Visa prepaid card that is linked to their mobile wallet account.
Google is sunsetting its Checkout digital payment processing service in favor of its Google Wallet mobile commerce platform.
Google continues ramping up its Google Wallet m-commerce network, introducing APIs for simplifying purchases within native Android applications and rolling out loyalty programs, additionally integrating payment capabilities into its Gmail platform.
Google, during its I/O developer conference, announced it will refresh its Maps for Mobile product on Android and iOS this summer, bringing coupons, improved routing and support for tablets.
Google is halting plans to introduce a physical credit card connected to its Google Wallet mobile commerce network, All Things D reports.
Google Vice President of Wallet and Payments Osama Bedier has left the company.
Google is revamping its payout schedule for Android application developer partners, stating the change is designed to accommodate new Play storefront payment options.
Google released a new version of its Wallet contactless payment application, introducing a revamped user interface but stopping short of delivering the physical credit card rumored since last fall.
The gold rush to win the mobile payment race has attracted a lot of different companies, however it's still unclear which ones will succeed at this multi-billion dollar industry.The ecosystem is currently divided into two camps: vendor-driven and user-driven initiatives.