Visa, Barclaycard and Cellnet will launch the world's first consumer trial of mobile electronic cash machines in April.
The trial, which will be run as part of ongoing Visa Cash scheme in Leeds, will enable 1,000 users to download 'ecash' over Cellnet's GSM network.
The ecash will be downloaded onto Barclaycard credit cards by inserting them into a specially designed Motorola Startac phone. The phone then asks the user to enter the withdrawal required up to a limit of #50 and a bank Pin number for security, as with any normal cash dispenser.
The ecash is then deposited onto the Barclaycard via the Cellnet GSM network and debited from the user's account in under a minute. Users can also check their credit card details and download ecash at anytime and in any place where they can use their Cellnet GSM phone.
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