The major carriers are about to test a system at stores in Atlanta and three other U.S. cities that would let a consumer pay with the contactless wave of a smartphone. The trial would be the carriers’ biggest effort to spur mobile payments in the U.S. and supplant more than 1 billion plastic cards in American wallets. Smartphones have encroached on tasks ranging from Web browsing to street navigation and now may help the phone companies compete with San Francisco-based Visa and MasterCard, the world’s biggest payments networks.
AT&T, Verizon and T-Mobile Team Up To Transform Your Smartphone Into a Credit Card
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