Dwolla forays into electronic money transfers

IOWA, USA: Just as plastic rendered paper checks nearly obsolete, gadgets may soon do the same to credit and debit cards.

Also read: Hacking spartphones is easy say experts

Smart phones and other mobile devices are staples for many holiday shoppers. That's because retailers are taking advantage of their low-cost ability to offer deals on websites like Facebook and Twitter (Think: no paper or mailing costs). Technology is also making mobile payments easier and helping to provide what can be a less expensive option for businesses.

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