DeviceFidelity to showcase new mobile payment system

Moneto Mobile Money Wallet

Multi-platform payment system called Moneto DeviceFidelity Inc., a leader in contactless plug and play technologies, has begun demonstrating its mobile wallet platform, Moneto, this week. The company is attending the FinovateSpring 2012 event in San Francisco, California, where it has begun showing off the new mobile money payment system, which utilizes NFC technology to facilitate contactless transactions. DeviceFidelity claims that the Moneto system is the first multi-platform payment platform that can be used for a variety of mobile devices. Mobile commerce becoming popular among young consumers Mobile commerce is quickly…

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