Can Walmart, Best Buy and Shell finally kill paper receipts?

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.

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