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Microsoft Planning Mobile Payments System

11:55 am on Mar 30, 2011 (gmt 0)

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Microsoft Planning Mobile Payments System [businessweek.com]
Microsoft Corp. is working on a version of its Windows Phone software that will let users buy merchandise with a flick of the handset at a checkout counter, two people familiar with the plans said.

Microsoft plans to include mobile-payment technology in new versions of its operating system for smartphones as part of an effort to narrow Google Inc.ís lead in handset software, said the people, who asked to remain anonymous because the features arenít public. The first devices boasting these features may be released this year, the people said.