Tech Business Review: Google CHALLENGED By Merchant Customer Exchange

Target Corporation (NYSE:TGT), Lowe’s Companies, Inc. (NYSE:LOW), Wal-Mart Stores, Inc. (NYSE:WMT), and Best Buy Co. (NYSE:BBY) are among the 14 top retailers that are expected to unveil on Wednesday the Merchant Customer Exchange, which represents a strategy in which a mobile-payments network that will compete with those from Google Inc. (NASDAQ:GOOG) and cellular carriers, will be jointly developed, according to the Wall Street Journal.

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