Cellphone trade show kicks off in New Orleans

May 08, 2012

(AP) -- CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the business of moving money around.

At a pre-show event Monday in New Orleans, MasterCard unveiled a suite of services to enable "mobile wallets," secure applications that run on phones and can hold virtual , transit tickets, coupons and other valuable.

The credit-card companies are hoping to stake a claim in what the industry expects to be a world where cellphones take over some of the function of regular wallets. A handful of phones can already be used on in drugstores and fast-food restaurants, but wide adoption is probably still years away.

Gary Flood, president of global products and solutions at MasterCard, speaks Tuesday, and is followed by John Partridge, the president of Visa, on Wednesday.

In pre-show news, USA announced Tuesday morning that Ericsson and will supply the network equipment for its new " LTE" network, a $4 billion project. On Monday, AT&T Inc. announced a big push into home security and automation. It will sell installation and services nationwide through its stores.

Samsung Electronics Co. will be at the show, likely showing off samples of the Galaxy S III, its new flagship smartphone. It was unveiled last week at an event in London, and hits European shelves at the end of the month. The Galaxy line, which combines big touch screens with light weight has proven to be a rare successful competitor to Apple Inc.'s iPhone.

Explore further: Scientists twist radio beams to send data: Transmissions reach speeds of 32 gigabits per second

not rated yet
add to favorites email to friend print save as pdf

Related Stories

T-Mobile picks Ericsson, Nokia Siemens for network

May 08, 2012

(AP) -- T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.

Mobile industry champions paying with phones

Mar 04, 2012

Paying with a mobile phone is gradually become a reality for consumers, with banks, telecommunications operators and Internet players all jumping in to offer payment options.

Recommended for you

Alibaba prices IPO at $68 per share

5 hours ago

Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange.

Home Depot breach affected 56M debit, credit cards (Update)

6 hours ago

Home Depot said that 56 million debit and credit cards are estimated to have been breached in a data theft between April and September at its stores in the U.S. and Canada. That makes it the second-largest breach for a retailer ...

User comments : 0