U.K.-founded Barclays Bank has teamed up with three U.S.-based wireless service providers to create unique credit card offers for consumers. The bank wants to test new technology that would allow customers to make credit card payments from their smart phones.
So far, Barclays is working with AT&T, Verizon and T-Mobile to install a radio frequency identification (RFID) tag inside smart phones like the BlackBerry and iPhone to link to users’ bank accounts by simply waving their smartphone in front of a reader, making the phone similar to a credit card. Trials of the new technology are set for Atlanta and three other U.S. cities and will be handled through Discover (IT Pro Portal).
