The idea of using our smartphone to pay for products, although already widely implemented in some countries, is just starting to gain traction in the U.S. with the launch of Google Wallet. It'll be a while before any mobile wallet solution takes off as most depend on your cell phone being equipped with NFC technology. But Spring Card Systems and DeviceFidelity have come up with a practical way around that stumbling block.
Forming a new joint venture dubbed "moneto", the two companies announced today the launch of a couple of products that will add NFC features to iPhones and a range of Android smartphones or tablets.
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