Motorola M-Wallet gets a wait off your back

Say hello to Motorola's M-Wallet, a service linking your cell phone to your bank account (we presume, no word on whether you can also link to a credit card), with open arms. For now, M-Wallet, combatable with all cell-phone networks, will permit only banking transactions — online bill payment, fund transfers, and purchases from participating retailers. But sometime in the next six to nine months, Motorola is hoping to install chips into phones that will enable consumers, using scanners at the cash register, to pay for things like groceries and clothes with their cell phone. No details as yet on which phones will get it, but I can't wait to put my AMEX Black away.