Chase and MasterCard Jump Into Mobile Payments (itworld.com)

itwbennett writes: JP Morgan Chase said Monday that it plans to launch its own smartphone payment platform in mid-2016. 'Chase Pay will be based on CurrentC, a retailer-led mobile payment system that has largely been written off by Silicon Valley techies for its reliance on barcodes rather than the more sophisticated NFC (near-field communications) technology adopted by its competitors,' writes Martyn Williams. CurrentC, and therefore Chase Pay, is compatible with a much larger number of smartphones than the rival services from Apple, Google and Samsung. Meanwhile, MasterCard announced a program that aims to turn any type of gadget into a payment device, from car keys to fitness trackers.

Comments

Re:I don't get this

[Anonymous Coward]

Personally, I want to be able to pay with my penis.

Ah. So not looking to make any big purchases, then?