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Cell Phone Wallets

By: Stephanie Sobic
Updated: November 10, 2011
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MIDLAND -- The days of carrying a wallet to the store may soon be behind us.

Instead of cash or plastic, a new technology partnering with American Express would allow people to pay with their cell phones.

American Express is investing $100 million in start-up companies focusing on mobile and online payments.

A company executive says the company is hoping such services will appeal to new markets, including younger consumers.

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