Using your smartphone to pay for stuff

AT&T, Verizon Wireless, T-Mobile team up to create mobile commerce network

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From IDG:

Asked about security of NFC, Abbott said it's "inherently" easier to secure private data on a phone than on a credit card. "It's locked down with a password and the number is encrypted inside the phone," he said. "It's not sitting out in raised numbers on a piece of plastic. Even beyond that, one call shuts [the Isis service] all down, and one call can restore it."

Chris Nerney writes about the business side of technology market strategies and trends, legal issues, leadership changes, mergers, venture capital, IPOs and technology stocks. Follow him on Twitter @ChrisNerney.

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