Credit, debit cards outphased?
NEW YORK: ATandT Inc and Verizon Wireless, the biggest US mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc and MasterCard Inc, three people with direct knowledge of the plan said. The partnership, which also includes Deutsche Telekom AG unit T-Mobile USA, may work with Discover Financial Services and Barclays plc to test …
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