Motorola to Launch Mobile Payment System in the US

While starting out as just a mobile transaction system for paying bills and bank transfers, Motorola's new M-Wallet system is to be expanded to be a contact-less payment system for US consumers. The new m-wallet, integrates with traditional payment methods, will be launched soon in the market. M-Wallet is likely to be the first such service to go national, and will compete head-to-head with other "swipeless" payment systems, such as MasterCard's PayPass. The M-Wallet chip will be available within six to nine months, and that the company is in discussions with carriers for rollout plans. Motorola also says that the service would be compatible with other manufacturers' devices.