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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If this is ever going to become widespread ...
By danjw1 on 9/28/2012 6:48:37 PM , Rating: 2
If this is ever going to become widespread, all the big players need to come up with a standard. It is the only way for this to get widely adopted at retail. Otherwise it is just a toy for people to play with but not really be all that useful.

RE: If this is ever going to become widespread ...
By zzynko on 9/29/2012 3:14:35 AM , Rating: 2
I believe that it is inevitable that an NFC payment system can become a standard when Google and Apple stop pulling in different directions. Since having complete control of the way it is implemented is at the forefront, without letting anyone else outside their ecosystem have an opinion is a non starter.

We all know how the Google wallet has progressed or not, anything revolving around iTunes will have similar fate.

A standard that comes across as a sensible adoption is a good way to begin and WP8 although unreleased will have a say in it with their wallet.

By cmdrdredd on 9/30/2012 3:13:16 AM , Rating: 1
First off Google Wallet isn't even available across all carriers yet. It's still in trial and will be released more widely next month. Second Apple is the ONLY major manufacturer without NFC capability on at least one device that I know of. If Apple users can't use the technology then tough shit. Android is over 60% of the market right now.

As for the second poster. Get your fucking head out of your ass. If you want to live in the fucking dark ages with no bank account that is your problem. Get off your damn soap box and come down to earth. This is a very convenient feature. As for the idea that your phone battery will die at the store. Who doesn't have a fucking car charger at this point. Really? You think everyone runs around with uncharged battery? Get a damn clue.

By Rukkian on 10/1/2012 10:10:28 AM , Rating: 2
I think it would be easy enough to store you drivers license and a backup credit card in some sort of lock box in your car for those emergencies when you need them.

I do not fing myself needing my drivers license or most of the rest in my wallet very often. I would love to get to the point where my wallet stays home for the most part, but it is just not there yet, as it is very sporadic whether places will accept google wallet.

"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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