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U.S. carriers to trial 'pay-by-smartphone' system

By Jos
Aug 2, 2010
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  1. AT&T, Verizon Wireless and T-Mobile, three of the larger U.S. mobile carriers are teaming up on a new payment system aimed at displacing credit and debit cards with smartphones and near-field communication (NFC) technology. The service is similar to those already available in Japan, Turkey and the U.K., where consumers can pay with the contactless wave of their phones near a NFC chip reader rather than by swiping a magnetic card.

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    OUTLAWXXX TS Rookie Posts: 51

    I'd do this for a very small annual fee, I'd be down for free of course ^^ that would really allow it to take off.

    All you would need to carry w/ you is your swiss army knife the cell phone lol

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