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Companies Test Fingerprint Recognition For Mobile Payments: Page 2 of 2

Texas-based IBC Bank on Monday tapped mFoundry for its Spotlight Mobile Banking application that will provide IBC's customers with instant access to their checking, savings, and credit card accounts. They'll be able to transfer between accounts and pay bills on their mobile devices. IBC will offer the service in English and Spanish at the beginning of next year with all of the major U.S. wireless carriers.

Last month, it was revealed that Google applied for a new patent centered on Short Message Service-based mobile payments. It's similar to PayPal's mobile payment system, which also uses SMS to complete transactions.