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Contactless Payment At Major League Sports

ATLANTA-Fans of the Atlanta Hawks basketball and Atlanta Thrashers hockey teams are being invited to test-pilot a new technology that will allow them to make contactless payments at concession stands and access mobile content from numerous locations throughout the arena.

The technology is known as near field communication and lets consumer electronics communicate within a two-inch to four-inch range, allowing users to intuitively connect any two devices to exchange information or access content and services.

At Philips Arena, fans can purchase items by simply holding their Nokia mobile phones equipped with Philips' NFC semiconductor chips and ViVOtech software near a secure terminal

In Atlanta, the test involves about 300 season-ticket holders who opened a credit card account with JP Morgan Chase.

Memphis Area Teachers' Launches A2A Transfers

MEMPHIS, Tenn.-Memphis Area Teacher's CU said it has unveiled an account-to-account funds transfer service that will allow members to transfer funds between accounts at any financial institution.

The service will also allow members to perform a transaction on demand, schedule a transaction for a future date, or schedule recurring transactions. The service uMonitor Funds Transfer Service was provided by Parsam Technologies.

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