Mobile phone e-wallets get closer to reality
BARCELONA, Spain--Later this year you'll be able to pay for clothes, taxi fare, and dinner with your mobile phone and leave your credit cards and cash at home.
Visa is planning a commercial rollout in the U.S. in the second half of this year of a service for allowing allow people to turn their existing smartphones into electronic wallets. It uses Near Field Communication (NFC) short-range wireless technology and includes real-time anti-fraud alerts and other features designed to protect consumers from fraud, Bill Gajda, global head of Visa Mobile, told CNET in an interview at Mobile World Congress 2011 … Read more