Motorola M-Wallet cellphone payment system

Motorola plans to launch its latest cellphone-wallet service in the US. The service will be known as the M-wallet according to The Wall Street Journal. It isn't the first system available, as Cingular has already tested similar systems with Nokia in Altanta and Motorola has annouced this test service back in 2004. However, M-Wallet is likely to be the first system to go national and will compete with other similar payment systems, such as MasterCard's Paypass. There is no further details about which phone will support it or what network provider will it run on. However, Motorola mentions taht the M-wallet chip wil be available in the next six to nine months.