Wal-Mart’s move could be a blow to Merchant Customer Exchange, or MCX, set up a few years ago by a consortium of retailers and restaurants to create an industrywide mobile payment system. We are creating a seamless shopping experience that includes payment However, Ashe and Daniel Eckert, Wal-Mart’s senior vice-president of services, told reporters the system is designed to integrate with other payment applications like Apple Pay - if the retailer decides to include them. But Google’s own tap-and-pay services, Android Pay and Samsung’s Samsung Pay require Android phones. Wal-Mart executives said that after evaluating various mobile options, they found that they had different constraints, working only on certain devices or payment types. This advertisement has not loaded yet, but your article continues below. This holiday season, Wal-Mart added new features like allowing online shoppers to check in once they get to the parking lot so they could have their online orders ready for pickup. Twenty-two million customers use the Wal-Mart app each month, and more than half of Wal-Mart’s online orders are now coming from a mobile device. It’s simple, and it’s a secure way for customers to use their smartphone.” “We are creating a seamless shopping experience that includes payment,” Neil Ashe, president and CEO of Wal-Mart’s global eCommerce, told reporters on a conference call on Wednesday. The move signals that Walmart believes it’s best to build its own system to better serve its customers, even as it backs a retail industrywide mobile payment program that is in test phase. How keeping your phone charged might help boost your credit score.CIBC forges ‘fintech’ partnership that will offer faster loans to compete with online lenders.Why Apple Inc wants to get into the unprofitable world of payments between friends.Article content Recommended from Editorial
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