It seems like smartphones will have another use if AT&T and Verizon have anything to do with it. The two mobile carriers have teamed up and intend to bring smartphones to the market that will replace your credit card.
AT&T and Verizon are working together for a new payment method using smartphones they hope will rival credit cards like Visa and Mastercard.
It seems like T-Mobile may also be working with Verizon and AT&T on this new smartphone payment system. According to reports the payment system would run charges through the Discover network, which is currently the fourth largest out of all the credit card companies.
It will be interesting to see what these mobile carriers develop, and whether it will be good enough, and secure enough to rival traditional credit cards.
via Slash Gear