A Dow Giant Squares Off Against Google
Wal-Mart, along with a bunch of its fellow merchants, is about to make a serious entrance into the mobile-payments scene. In concert with more than a dozen other companies, the retail giant pulled open the curtain this week on a the "Merchant Consumer Exchange," or MCX. Aside from offering merchants the chance to take control of how money will flow through their stores in the future, the MCX also presents a clear threat to Google's "Google Wallet" initiative. And with mobile payments expected to more than triple to $600 billion by 2016, it's a safe bet that the competition is only getting started.
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The article A Dow Giant Squares Off Against Google originally appeared on Fool.com.Lyons George has no positions in the stocks mentioned above. The Motley Fool owns shares of Google and Starbucks. Motley Fool newsletter services recommend Google and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.