Less than a week after Google launched a service that allows private individuals to transfer money by email, Square has launched a similar product in a private beta.
Gmail users will be able to send money as an attachment to make person-to-person payments online, the company said today.
Wal-Mart Stores, Target Corp., and 7-Eleven are among a dozen or so retailers who have plans to partner form a partnership to allow consumers to make in-store purchases using an app on their smartphones.
The Wall Street Journal has the story: “The push by merchants, called Merchant Customer Exchange, or MCX, is at an early stage, and the companies haven’t set a launch date or hired a chief executive. A CEO search is under way. It isn’t clear how much money each participating merchant is contributing to the network’s development.”
The New York Post reports that Mike Cook, corporate vice president and assistant treasurer at Wal-Mart, “said in a statement that using a mobile app will help to cut down costs and make shopping faster and more convenient.” Read more
This week we’ve got a funny Google Wallet promo starring George Costanza, a meditation on daddy long legs, Batman dramatically eating a hotdog and more. So grab a cup of coffee, take a seat and get ready to laugh!