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LONDON, England (CNN) -- One of the many functions of mobile phones could soon include paying for pizza or cinema tickets if some of Europe's leading banks and mobile phone makers get their way. The likes of HSBC, Deutsche Bank, Visa, Siemens and Nokia are members of the Mobey Forum, which was set up last year to encourage the use of mobile technology in financial services. The forum wants to see consumers eventually using mobile handsets as payment devices on a daily basis, but it recognizes that the system needs to be convenient, secure and trustworthy if it is to become a reality. "Consumers need convenience and mobility across service providers without affecting security," said chairman of the Mobey Forum Bo Harald. The technology it is proposing involves phones having two chips installed in them: One Sim provided by the mobile operator, as is currently the case, and one from the bank. It says keeping the chips separate will provide consumers with the choice they require as they will not have to select a specific operator or bank to use the service. Liisa Kanniainen, vice-president of mobile banking at Nordea, the Scandinavian Bank that was one of the founder members of Mobey, told CNN that convenience and cost were two of the most important issues for consumers. For more detail about this story, please click here Click here to see some Wireless technology Click here to view Web News Click here to view Cell Phone Buy Coke News This news is sponsored by
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