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Payments Startup Turns to Smartphone Signature

Mobile payments startup Sign2Pay has come up as a new challenger in the mobile commerce space. It is implementing mobile payments by using your actual signature. Some unique identifiers in the user’s personal signature are used to authorize a transaction. This new payment method was developed by Belgian Telenet with the help of the Idea Labs accelerator program. The company officially launched the new payment method at the TechCrunch Disrupt event in London. Sign2Pay wants to simplify the mobile shopping experience by doing away with bank card readers. It has incorporated support for accounts of more than 3,700 European banks. 

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