Exclusive: Target in initial development of own mobile wallet - sources

Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay. The fourth-largest U.S. retailer has not committed to launch the product, which would allow customers to pay for goods using an app on their mobile phones. Target's team has made some decisions, including to partner with credit card companies, and they are in favor of processing transactions using sca