TweakTown
Tech content trusted by users in North America and around the world
5,996 Reviews & Articles | 38,712 News Posts

AT&T, Verizon, and T-Mobile to trial smartphone credit cards

Wireless carriers look to replace credit cards

| Mobile Devices News | Posted: Aug 2, 2010 5:06 pm

The only thing that could get three of the four major wireless carriers to work together on one goal is money. Verizon, AT&T, and T-Mobile are teaming up on a new plan that could replace MasterCard and Visa with smartphones.

 

[img]3[/img]

 

The system would reportedly use the Discover and Barclays processing networks and users would present the smartphone at checkout to pay. The credit card industry is huge and another way to pay will be good for consumers and retailers.

 

The system will be trialed at stores in Atlanta and other states. There is no comment on when the trial will start or what the fees for the network will be at this time.

 

NEWS SOURCES:Bloomberg.com

Related Tags

Further Reading: Read and find more Mobile Devices news at our Mobile Devices news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases