Bank of America and VISA will test cellphone payments

by Dhiram Shah

The Bank of America Corp and Visa Inc. will tie up to make payments via smartphones more easy to use, thus putting an end to carrying cash and headed out to departmental stores. The two giants will tie up to run a program that’s likely to run from September through the end of the year in New York. It’s good enough now since just about everyone has a smartphone. I’d like to do away with a few unnecessary accessories too.