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Suit Filed Over Mobile Payments

The Consumer Financial Protection Bureau has announced that it has filed a lawsuit against Sprint, one of the largest telecommunications companies in the United States. The lawsuit accuses the company of illegally processing charges through a third party. This marks the first time that the agency has pursued legal action against a telecommunications company and the lawsuit is also bringing more scrutiny to themobile payments space. Mobile payments have become quite common among consumers. Many people are opting to pay their phone bills and other charges with their mobile devices rather than pay these charges on a home computer. 

Read the whole story at Mobile Commerce Press »

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