IMTC, By using a Radio Frequency Identification (R

IMTC, By using a Radio Frequency Identification (RFID) equipped smartphone , Imogo's new mobile virtual payment system will make it possible for customers to choose instantly which bank account or credit card they wish to use to make a payment. The system will also automatically redeem coupons or discounts during the transaction. By eliminating physical payment processing, transaction times when paying for products or services will be reduced dramatically. There are many RFID smartphones currently on the market and in use such as the Samsung Galaxy and Note Series as well as many others.