Using 200 of its San Francisco staff, the bank will test mobile-phone payments for six months—and may launch a commercial service soon after
"You'll be able to walk in a store and do commerce," says Google's Eric Schmidt. "You'd bump for everything and eventually replace credit cards"
Banks, retailers, food vendors, credit-card companies, and device manufacturers are testing programs in the U.S. and overseas that let customers buy products and even receive coupons via mobile phones
In the near future it may be possible for some consumers in the U.S. to use their mobile phones instead of credit or debit cards to pay for purchases
Browse past editions of this special report on emerging tech trends
Track and share business topics across the Web