US wireless giants are taking on credit-card titans Visa and MasterCard, with a system that will let consumers pay with the contactless swipe of their smartphone.
Visa and MasterCard aren't expected to cede customers without a fight, but can the convenience of using the ubiquitous cell phone at the cash register really overcome our love of plastic?
Source:
http://theweek.com/article/index/205677/cell-phones-the-new-credit-cards
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