AT&T, Verizon & T-Mobile, US Giants forges their gears to transform your smartphones into credit cards

Contactless payments or wire transfer are not a new chest-thumping idea, but when titans are coming to the frontiers to splice, the time might have come to start paying microscopic attention.

Bloomberg has reported that AT&T, Verizon and T-Mobile are about to test the NFC payment waters with pilot schemes in Atlanta and also in three other cities, potently aided by partnerships with Discover Financial Services and British bankers Barclays Plc.

This would need fresh readers for merchants and embedded NFC chips in phones, but we calculate rife of people might be happy to pay a small premium to smoothen their daily lives that little bit more and dump the plastic dominance behind the doors.

Either way, Visa’s budding attempts at undisputedly conquering the mobile just got themselves a big old mammoth competitor.

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