‘Mega’ Payments Race Pits Google, Visa Against Phone Operators

Deutsche Telekom AG, France Telecom SA and other mobile operators, who lost the battle for online applications stores to Apple Inc. and Google Inc., say they have a fighting chance of winning the corner convenience store.The operators, along with Google and credit card providers including Visa Inc., are scrambling to offer so-called near- field communication payment systems, which will let people buy everything from milk and butter to clothes with a swipe of their smartphone. NFC may be the last chance for operators to avoid being simple conduits of other companies’ electronic commerce.To read this Bloomberg report in full, see:
www.bloomberg.com/news/2011-02-20/-mega-payments-race-pits-google-visa-against-phone-operators.html

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