February 9, 2006 Motorola has announced M-Wallet, a new solution for mobile phones that will enable paying bills, transferring money or making a purchase at retail. M-Wallet features an easy-to-use mobile interface that gives the consumer wireless secure access to financial services -- eliminating the need to carry a credit or debit card in your wallet. Motorola's M-Wallet also addresses the needs of companies that wish to innovatively market their goods and services. For example, merchants can issue virtual loyalty or gift cards directly to their customer's mobile phone. These cards can be redeemed via a mobile phone or can allow customers to conduct secure point-of-sale transactions, collect loyalty points, and obtain store receipts at existing retail merchant locations. M-Wallet users must opt-in to receive coupons or other promotional services, allowing them to choose preferred merchants who participate in the program and thereby reducing spam.