PayPal, owned by EBay Inc., has revealed a new system which will allow users to make payments by tapping their phones on a reader. Using near-field communication (NFC) technology, the system will be available on Samsung Nexus S phones. Compatibility will widen as more NFC-enabled handsets are released. Laura Chambers, PayPal Mobile's senior director, said:
"What we're doing is testing out NFC. We're getting it into the markets, we're getting it into the hands of consumers and we'll see how it goes."
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