Print 12 comment(s) - last by Moishe.. on Oct 1 at 2:14 PM

Testing is expected to last three months, and customers with "newer" iPhones and Android-powered smartphones can participate

Bank of America is dipping into the mobile payments arena with a new trial taking place in Charlotte, North Carolina. Bank of America is partnering up with Paydiant, a mobile payments startup, to allow customers to pay for everyday items at registers via smartphones.
Initially, the pilot program is being tested out at five merchant locations in Charlotte, North Carolina. Testing is expected to last three months, and customers with iPhones and Android-powered smartphones can participate
“The pilots provide us with the opportunity to explore innovative mobile solutions, engage our customers and utilize their feedback,” said Tara Burke, Bank of America spokeswoman.
Prior to the mobile payments trial, Bank of America was also involved in a near-field communications (NFC) trial. While the bank is still in the midst of testing this technology, it’s looking to other avenues since not all phones have an NFC chip embedded. A notable non-NFC phone is Apple’s latest iPhone 5.
Bank of America is looking to lead the mobile payments revolution, and it looks like mobile is the way to go: Gartner said the market for global mobile payments is expected to surpass $171 billion this year.

Source: Reuters

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RE: BoA is moving in the right direction.
By GotThumbs on 9/28/2012 4:16:50 PM , Rating: 0
You really come off as a tool in your first sentence.

Hey, No one is forcing you to use the service so jump off your angry soap box and go on your way.

If the use of this technology takes off and is valuable for BOA conumers, who are you to deny them the use? Freedom of choice is open to all. Use or don't use it. Your choice Dude.

Apple runs the most controled ecosystem and yet they have happy users.

You need to try meditation or something to change your attitude. So angry and negative.

Repeat after me....Whoooooossssaaaaa! Whoooooossssaaaaa!

By Moishe on 10/1/2012 2:06:36 PM , Rating: 2
Tool? I think not. Your opinion is noted.

I'm not angry at all. BoA is one of the worse banks around.

Second of all, what I say about the ID on the phone is 100% true. So... I don't get what the problem is?

Sure it's convenient. Lots of things are convenient, but very few of those things intrude on our privacy in that way.

A quick look at history proves that too much information in a single entity's hands is a bad thing. Add government and you make it worse because there is no competition or regulation.

I'll take a little inconvenience and maintain some sense of personal privacy, and I think most sane people would. Just because some people are sheep doesn't mean that we are all sheep or all wish to be sheep.

"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer

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