Mobile-pay market heats up (Investor's Business Daily)

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Investor's Business Daily - Bank of America , JPMorgan and Wells Fargo will allow customers to transfer money from their checking accounts using only a mobile number or email address, without having to provide account and routing information. Google (NASDAQ:GOOG - News) is expected to announce a mobile-payment feature Thu. that allows users to wave their phones at a terminal. The bank stocks dipped, while Google edged up.

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