Read the full story at GreenBiz.
The latest salvo has been fired against the ubiquitous paper receipts, which are clogging up utility drawers everywhere.
Thanks to a massive push by a plethora of corporations hoping to move retail and food transactions through our electronic devices, paper is beginning to seem passé.
Recently a collection of big-gun corporations came together to form a for-profit company designed to capture the consumer’s mobile wallet. Merchant Customer Exchange is hoping to move to the center stage in creating a standard form of electronic smartphone payment.
Besides Wal-Mart, Shell and Target, there’s a host of others retailers that make up the company, including Lowe’s, CVS, 7-11 and Best Buy. MCX said in a press release that it expects many more to join the bandwagon.