Best Buy, Walmart, Target, more join forces for MCX mobile payment, deals provider

Mobile payments make strange bedfellows, so it's perhaps not all that surprising that a group of high profile retailers have teamed up to bring the world the Merchant Customer Exchange (MCX). The list includes such biggies as Best Buy, Walmart, Target, Sears, Lowe's and Shell, among others. The venture is set to offer up a mobile-commerce app that will provide payments and deals on "virtually any smartphone." Details are still pretty scarce, though the MCX's official site promises more info on the offering soon, including further details on deals and additional company names. In the meantime, there's a press release after the break.

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Best Buy, Walmart, Target, more join forces for MCX mobile payment, deals provider originally appeared on Engadget on Wed, 15 Aug 2012 12:20:00 EDT. Please see our terms for use of feeds.