Walmart and Target are among a group of two dozen retailers working on the introduction of an NFC mobile wallet which would compete directly with Isis and Google Wallet, the Wall Street Journal reports.
'NOT HAPPY': 24 US retailers spurn Isis and Google to work on their own solution
Two dozen US merchants, including retail giants Walmart and Target, are working together to develop their own mobile payments service, according to the Wall Street Journal.
The service would compete directly with Google Wallet and Isis, sources told the newspaper:
According to people with direct knowledge of the retailers' project, merchants say they are not satisfied with the mobile payment products that have been launched so far, which limit the merchants to providing personalized offers and coupons.
Several also cited recent incidents in which malicious applications appeared on Google's Android mobile device software.
"What we see out there doesn't make us very happy," one executive involved in the venture explained.
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