08/20/2012 08:30 am ET Updated Oct 20, 2012

Metro-North Railroad, LIRR Try Out Mobile Payments

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.

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