Mastercard Goes Mobile
Mastercard, the world’s biggest payment card company, unveiled on Thursday a service for banks that lets them install payment cards directly into customer’s mobile phones much easier than before, Reuters reports, in what could be a tipping point for the nascent mobile phone wallet market.
“Consumers will be able to use a phone as a wallet or as an access card simply by waving it over a wireless reader,” the article said, “and in some cases punching a PIN number into the phone—similar to how travelers in Tokyo and London access public transport.”
The
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