MasterCard, US Bank Pilot Cell Phones as Credit Cards

PURCHASE, N.Y. – MasterCard yesterday said it has teamed with US Bank and Nokia on a pilot to test the use of cell phones equipped with MasterCard’s PayPass contactless payment functionality.

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The pilot, to be conducted in Spokane, Wash., will test consumers’ ability to use Nokia phones to pay for purchases with a tap of their mobile phone, instead of sliding a card through a magnetic stripe reader.

Pilot participants will receive Nokia 6131 NFC phones, which are equipped with the Near Field Communication technology needed to communicate with MasterCard PayPass readers.


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