Wireless Carriers Back Away From Mobile Payments Venture
May 4, 2011
The biggest U.S. wireless carriers are scaling back a
joint venture for mobile payments that they
originally hoped would compete with Visa Inc. and
MasterCard Inc., reaffirming the traditional credit
card companies' clout in the nascent market for
mobile transactions
The biggest U.S. wireless carriers are scaling back a joint venture for mobile payments that they originally hoped would compete with Visa Inc. and MasterCard Inc., reaffirming the traditional credit card companies' clout in the nascent market for mobile transactions, according to The Wall Street Journal.
