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Metro-North Railroad, LIRR Try Out Mobile Payments

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Banking isn't the only industry with a keen interest in mobile payments -- the Long Island Rail Road and Metro-North Railroad aren't far behind.

Both rail lines, which are part of the Metropolitan Transportation Authority, are running trials that will allow customers to redeem purchases with the scan of a bar code. The transaction works similar to the way customers make purchases using Starbucks' mobile wallet, with commuters using smartphones to display the codes to ticket handlers.

Read the whole story at American Banker