Who Needs Credit Cards, Just Use Your Smartphone

Smartphone = Credit Card

Verizon, AT&T and T-Mobile are going after credit card companies with their new partnership, which will turn smartphones into payment devices. The smartphones use near-field communications technology that allows users to wave their phone in front of scanner to make purchases. On Monday, Google’s CEO Eric Schmidt gave a sneak peak of the new Android OS that supports NFC chips. Read the full story on wsj.com

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