FierceMobileContent – 7/11/13: Merchant Customer Exchange–the forthcoming nationwide mobile commerce network spearheaded by retailers including Walmart, Target, Best Buy and 7-Eleven–has selected banking and payments technologies FIS to power consumer purchases across smartphones and tablets. FIS will deliver services including payment processing, network infrastructure, routing and settlement, enabling MCX partners to authorize and complete transactions in real time. MCX executive Dodd Roberts said the company selected FIS as its payments partner because of the company’s payment experience and expertise: FIS serves more than 14,000 financial institutions, retailers and third-party processors in more than 100 countries worldwide.
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Source: Paymentspulse

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