Analysis: Retailers may not buy banks’ cell phone bet | Reuters


But despite Bank of America Corp (BAC.N), the biggest U.S. consumer bank, and Visa Inc (V.N), the world’s largest payment processor, throwing their might behind the futuristic initiative, they are likely to find it a tough sell. Visa and Bank of America will run a test program for consumers so they can make retail purchases via their smartphones beginning in September in New York.

READ ARTICLE via Analysis: Retailers may not buy banks’ cell phone bet | Reuters.

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