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AT&T, Inc. (NYSE:T): The Mobile Payments Committee has been formed by trade group Electronic Transactions Association, and the former will develop policy and business strategies for the mobile payments industry, according to a Thursday report by VentureBeat. All four of the major domestic telecom carriers, plus eBay’s (NASDAQ:EBAY) PayPal, Isis with its major credit card companies, VeriFone (NYSE:PAY), and Google (NASDAQ:GOOG) are all represented in the group, and a Verizon (NYSE:VZ) executive will be chair.
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Verizon Communications Inc. (NYSE:VZ) Verizon Wireless tops its industry in customer loyalty among American wireless customers having postpaid contracts for the ninth straight quarter. In addition, the company boasted the lowest customer churn rate (0.84 percent) of any of the United States’ major wireless providers in the second quarter of 2012.
Exxon Mobil Corp. (NYSE:XOM): Iraq is once again Opec’s second-largest oil producer, for the first time since the late 1980s, as the impact of sanctions on Iran kick in, reports the Financial Times. Iraq last month pumped more than 3 million barrels per day, while at the same time Iran pumped 2.9 million barrels, says the International Energy Agency.
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