Swiping a telephone to pay for a coffee is going to be one of the biggest rise in technology in the approaching year , and from next monthBank of Americaand Visa will start testing it out in New York .
NFC , orNear Field Communication , transfers small amounts of money with the wave of an enabled phone next to a compatible store - installed equipment .
Networks AT&T , Verizon and T - Mobile havealready announceda partnership working with Discover and Barclays in four US cities , but with Bank of America and Visa ’s examination in New York ( due to cease by the end of the year ) we could see a real step fore in the possibility of paying for smaller items every twenty-four hours in US liveliness . [ Reuters ]
https://gizmodo.com/your-smartphone-might-replace-your-wallet-soon-5602192
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