January 9, 2007

Can't talk, my phone's buying groceries

LAS VEGAS — The world's largest credit card network is ready to replace plastic with silicon.

Visa International says it will make purchases by cellphones commonplace in the next few years, thanks to a collection of technology it rolled out Monday.

The company's decision to throw its weight behind a concept that has been around for nearly a decade comes as the use of smart phones is exploding.

“Clearly what is happening in the world of handsets is very germane to our business,” said Patrick Gauthier, a senior vice-president for Visa. “It was very important that we start to step up.”

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