Cellphone Payments – An Alternative to Paying with Cash

cellphone payments

A device attached to an iPhone to scan credit cards

You have won a bet, but the loser does not have enough cash on him to settle it. If he has a credit card, and most people usually do, there is finally a solution. A number of big and small companies — including eBay’s PayPal unit, Intuit, VeriFone and Square — are creating innovative ways for individuals to avoid cash and checks and settle all debts, public and private, using their cellphones.

 

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