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Verizon, Intuit team up for mobile payments

Verizon and Intuit announced Thursday that they are teaming up to introduce a mobile payment system that will let customers swipe their credit cards with their smartphones. Verizon will sell the Intuit Reader smartphone accessory in its retail stores. The Reader plugs into the audio jack of most Android phones, BlackBerrys, the iPhone and the iPad.
The product rollout is intended to make it easy for small-business owners and others to process mobile payments, likely boosting sales of smartphones.

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