Big box retailers developing mobile app for purchases

August 16, 2012 3:23:45 PM PDT
Several retailers are teaming up to allow customers to make purchases with their smarthones.

The stores include Wal-Mart, Best Buy and Target. They are forming a partnership for a new company called Merchant Customer Exchange." It's developing a mobile app for purchases that will be available for nearly any smartphone.

The app is expected to integrate a variety of coupons, rebates and loyalty programs.