Will mobile commerce finally make its entrance in the U.S. market? Motorola said it's planning to launch a system that will allow people to purchase products by scanning a handset with an embedded chip over scanners at the cash register. The only thing is, Motorola has to get mobile operators to sign on and convince retailers to upgrade their checkout scanners. Motorola says it expects a deal with a mobile operator this year. Interestingly, the technology could put operators in the position of competing with banks. For instance, people would be able to transfer money to each other. Motorola says the feature could save consumers money if operators charge lower fees than banks do for money sent abroad.
To reach more about Motorola's M-Wallet solution:
- take a look at this article in The Wall Street Journal (sub. req.)