Cingular turns cell phones into wallets in N.Y. trial

Another way to spend your money and make purchases from the shopping mecca of the world, as Cingular Wireless cardholders test a new service in New York City that allows them to make purchases with their cell phones, reports News.com.

"... A group of Citi MasterCard cardholders with Cingular Wireless accounts have already been selected to participate in the trial. The participants will receive a Nokia handset with "near-field communication" (NFC) technology and the MasterCard PayPass payment function built in.

Using the phone, trial participants will be able to make purchases wherever MasterCard's PayPass is accepted by simply holding their phone near the card reader. The payment is then deducted from the cell phone subscriber's account."

emily | 6:42 AM | SMS and Banking |
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