Wednesday, August 4, 2010

Smartphone Make Payment

Smartphone to pay in credit cards now in use can be made. America's three wireless communication companies, AT & T, Version and T - Mobile has stepped up efforts for it.

It proposes creating a special Enfsi chip. The wireless technology called Field Communication Niar card reader attached to the credit card information is sent. Maabail chip can also easily be applied.

According to the Boston Federal Reserve put it 10 to 15 dollars (around Rs 700. Far) would cost. Companies like Visa and MasterCard have shown interest in the technology, because it will recover them from customers processing fee.                


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