Today's Best Market Rumors (8/15/2012) Payment System to Compete with Google

Updated throughout the day on the 24/7 Wall St. Wire:

Several of the largest retailers in the country, including Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT), will launch a program called Merchant Customer Exchange to compete with Google Inc.'s (NASDAQ: GOOG) mobile payment platform. (WSJ)

Greece will ask for a two-year extension of its austerity plans. (FT)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Rumors Tagged: GOOG, TGT, WMT