Retail, Mobile Payment | featured news

The idea behind mobile payments currently holds more appeal than the reality does. Can Google change that? Retailer support for mobile payments is hard to find outside major metropolitan areas, and even then, the gaggle of tap-to-pay options means your favorite NFC-friendly store may not accept your preferred mobile wallet technology. If a new leak proves true, Google may have worked its way around the hurdle, albeit in an NFC-free manner.

A bevy of big-name retailers including Wal-Mart Stores Inc., Best-Buy Co. and Target Corp., are teaming up to create a company that will give customers another way to make purchases: with their cellphones.