Motorola Debuts Pay-By-CellPhone
ARLINGTON HEIGHTS, Ill. - (02/09/06) -- Motorola announced Wednesday it hasadded a new feature to its cell phones that will allow consumers touse the phone as a credit card. The M-Wallet will allow users topay bills, purchase products and transfer money using their cellphones. Initially the service will be limited to fund transferpayments, but Motorola expects to upgrade the technology socustomers can use the M-Wallet to pay for items at the checkoutcounter or participating stores. The checkout capability willrequire participating merchants to upgrade their cash registerscanners to recognize cell phone transactions. M-Wallet softwarecan be downloaded by consumers and merchants from the Internet. Itwill also merchants to market goods and services directly to acustomers' cell phone.