In addition to just network connectivity, they have outstanding expertise in large scale service delivery with high reliability and global reach, plus an arsenal of partners for content, apps, specialized solutions and services, integration, as well as terminal and module vendors.

FORBES: The Massive M2M Business Opportunity (Part 2)

Your mobile phone, acting as a store of your credit card data, sends it wirelessly to a nearby receiver, which could be another phone, a dedicated terminal, or a payments module embedded in, say, a vending machine.

FORBES: Mobile Payments Systems Cut Both Ways