Smartphone manufacturers are keen to encourage people to use their handsets rather than plastic cards to make purchases. They are developing services that enable credit and other card details to be stored on handsets, which then interact with electronic points of sale.
Google led this field with its Google Wallet app, which allows its users to store debit cards, credit cards, loyalty cards, and gift cards, as well as redeeming sales promotions on their mobile phone. Google Wallet uses near...
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