Nokia and MasterCArd test wireless payment system

Nokia and MasterCArd test wireless payment system
In a market trial scheduled to take place later this month in Irving, TX, Nokia will test phones with snap-on covers that have an embedded Radio Frequency ID (RFID). The chip inside the cover is preprogrammed with MasterCard payment account information, using the company's “PayPass” technology. The new system is should allow customer to use their mobile phones to pay for anything without having to pull their credit cards from their wallets.
Merchants in Irving that are participation include a bar, restaurant, gas station and camera shop.
In another test trial scheduled to take place in Orlando, FL, the payment information is stored into the phone's card.

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