Cell Phones vs. Credit Cards: The Battle Begins

Wireless service providers might soon compete head to head with credit and debit card companies in facilitating payments.
Olga Kharif

I wonder if credit card companies and banks could soon be in for a nasty surprise. For the past several years, European wireless service providers have allowed subscribers to charge vending machine purchases onto the users' mobile phone bills. Now, U.S. service providers are starting to follow suit. For instance, users of mobile short-text messaging service SMS.ac can now add charitable contributions to their wireless bills.

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