Fourteen leading retailers are expected to today unveil the Merchant Customer Exchange...

|By:, SA News Editor

Fourteen leading retailers are expected to today unveil the Merchant Customer Exchange (MCX), an initiative to jointly develop a mobile-payments network that will compete with those from Google (GOOG) and cellular carriers, the WSJ reports. The retailers include Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Lowe's (LOW).