“More than a dozen big merchants announced Wednesday their plans to jointly develop a mobile-payments network that will battle similar services from Google Inc.GOOG +0.66% and other companies.
Wal-Mart Stores Inc., WMT +0.44% Target Corp., TGT +1.78% 7-Eleven Inc. andSunoco Inc. SUN +0.21% are among the companies hoping to elbow their way into the burgeoning market that turns smartphones into devices for making purchases.”
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