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Visa USA Inc. and Aether Systems Inc. are reportedly partnering to enable bill-paying and other financial functions on cellular phones, pagers, and hand-held computers. A report in the Wall Street Journal said America's largest credit-card network will announce today that its alliance with Maryland-based Aether follows a similar move by parent Visa International, which recently signed collaboration agreements with two of the world's biggest mobile-device makers, Nokia Corp. and Telefon AB L.M. Ericsson, to develop mobile e-commerce capabilities at the manufacturing level. The new partnership between e-Visa, the Internet unit of Visa USA, and Aether will develop specific payment products that can be operated on mobile devices, the report said, adding that a study by Boston-based consulting firm The Yankee Group showed mobile commerce is expected to account for as much as 25 percent of e-commerce by 2005. The report stated that among the first developments Visa and Aether will concentrate upon are a bill-payment service and a remote-payment system allowing merchants to accept Visa payments on cell hones.
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