US retailers to launch mobile app for payments

A bevy of big-name retailers including Wal-Mart Stores Inc., Best-Buy Co. and Target Corp., are teaming up to create a company that will give U.S. customers another way to make purchases: with their cellphones.

Google tightens grip on smartphone wallets

Google on Wednesday assured users of its smartphone wallets that the mobile-age technology thwarts thieves better than old-school cash or credit cards.

PayPal letting Google phones swap cash

Online financial transactions giant PayPal on Wednesday showed off a mini-program that lets people exchange money by touching together a pair of Google smartphones.