Video: Will Smartphones Replace Credit Cards?
Tags: alternative payment methods, Barclays, credit card processing, Discover, mobile credit card processing, videos
AT&T, Verizon and T-Mobile are teaming up to compete with credit card companies by allowing customers to pay for products with their smartphones.
The mobile carriers plan to use Discover, the fourth-biggest credit card processing network, and British bank Barclays to process the transactions.
The service will first be tested in Atlanta and three other U.S. cities.
(Via YouTube.com)
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