Thursday, September 27, 2012

Bank of America tests technology to pay with phones





Bank of America Corp is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple’s iPhone or Google’s Android devices.


The pilot program is being tested in Charlotte, North Carolina, where the second-largest US bank is headquartered, and marks the latest effort by a financial institution to come out on top in the race to determine how people will pay for things in the future.









via Business feed http://www.scmp.com/business/banking-finance/article/1048575/bank-america-tests-technology-pay-phones

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