Visa and MasterCard could be the victims of AT & T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) expansions

AT & T and Verizon are the leaders of the day

In brief: AT & T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) may dislodge from the market by Visa and MasterCard, - sure Open Knowledge analysts.

AT & T Inc. (NYSE: T) shares up 25.94 points, Pre-market is going well for AT & T Inc.: 26.45 +0.51 (1.97%). Verizon Communications Inc. (NYSE: VZ) 29.06. Pre-market added to the price: 29.53 +0.47 (1.62%).

According to latest information, the largest mobile provider in the U.S. AT & T and Verizon Wireless have agreed to jointly develop new technologies that allow users to smartphones, data devices to use to pay for goods and services, applying thus phones instead of plastic debit and credit cards. It is expected that such an idea can dislodge from the market of nearly 1 billion plastic bank cards, which threatens the activities of companies such as Visa and MasterCard.

Ukrainian Globalist
2010-08-02 13:33, Economics.

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