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Visa entering contactless payment arena, finally

Visa -- like rival Mastercard -- is getting into the contactless payments arena by accepting payments, coupons and working with other mobile commerce related items.

Visa's offerings -- which comes at the right time -- "is designed to foster collaboration between the financial services and mobile telecommunications sectors," according to the company.

With mobility being injected into just about every part of commerce these days from smartphones to laptop purchases, it's great to see -- finally -- the two largest credit card companies getting into the action. After all, it is 2007.

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