The MCX consortium, the group of major U.S. merchants planning to roll out their own mobile wallet, will primarily use bar codes and cloud-based technologies to start off with, not NFC.
Representatives of the group, including those from Wal-Mart, Lowe’s, the Gap and Dunkin’ Donuts, were scheduled to disclose the initial technology choice during a session Monday at the National Retail Federation’s annual convention and expo in New York.
“The initial MCX solution will be primarily barcode- and cloud-based, which will allow it to work on the broadest array of smartphones and at a wide range of merchant locations, where bar-code payments can be accepted without major new capital expenses,” an MCX spokesman said.
