Wal-Mart (WMT) and Target (TGT) are among some two dozen retailers working together to develop a...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) and Target (TGT) are among some two dozen retailers working together to develop a mobile payments system to compete with similar products from Google (GOOG) and big cellphone companies. "A number of merchants are surveying the first generation of solutions and have decided they need to and can build a better system," a consultant says.