Mobile phone credit cards

The Herald Sun reports that a cell phone phone with a built-in credit card will be tested in Melbourne next year in an Australian-first.

"Telstra, NAB and Visa are developing the trial, which will let customers pay for goods and services with a wave of their mobile phone.

250 Telstra and NAB customers will be supplied with a mobile phone embedded with contactless near field communications (NFC) technology, with a Visa application loaded on to the SIM card.

The merchants -- there are expected to be about 30 named for the trial -- have not been finalised, but trials in the US and parts of Asia included fast-food restaurants, cinemas, petrol stations and supermarkets. "

emily | 3:09 PM | SMS and Banking |
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