Amazon Exploring Mobile Payment Service for Smartphones

Amazon.com Inc. (AMZN) is considering the introduction of a service that would let consumers pay for goods in brick-and-mortar stores using their mobile phones, according to two people with knowledge of the project.- The company’s Amazon Payments unit is exploring whether to start a service based on so-called near-field-communication technology. NFC lets devices transmit data such as payment information, loyalty points and coupons by tapping them against specially equipped cash registers. – Bloomberg

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