Joint Venture Aims to Break NFC Logjam

September 2010
Bank Technology News;Sep2010, Vol. 23 Issue 9, p1
Trade Publication
The article presents a report from Bloomberg LP regarding the partnership deal of Barclays PLC with AT&T Inc., Verizon Communications Inc. and T-Mobile Ltd. for the creation of a mobile proximity payments platform which will set trials in U.S. including Texas, Minnesota and Utah. Red Gillen, a senior banking analyst at Celent LLC, states that the deal was one of the clearest paths to mobile proximity in the U.S. It mentions that Apple Inc. was the real target of the venture in mobile payments.


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