Business Services Industry
Motorola envisions equipping cell phones to facilitate credit card payments.
Knight Ridder/Tribune Business News, October, 2004
By Stephen Rynkiewicz, Chicago Tribune Knight Ridder/Tribune Business News
Oct. 13--It's a pay phone of a different kind: A new generation of cell phones soon could exchange credit card data at checkout counters.
Motorola Inc. said it is testing MasterCard PayPass technology in two of its mobile phones. To charge a purchase on their credit accounts, users would place their phone within about an inch of a checkout device.
"It could be your virtual wallet," said Motorola spokeswoman Juli Burda. She said Schaumburg-based Motorola envisions the system as a way to provide quick access to trains and buses "and maybe even as your car key."
Motorola is testing how the system processes data from a few hundred phones in unidentified...
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