Microsoft (MSFT +0.5%) is tinkering with a new version of its Windows Phone 7 software that will...

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Microsoft (MSFT +0.5%) is tinkering with a new version of its Windows Phone 7 software that will allow mobile payments, Bloomberg reports, and may release some of the first devices carrying payment technology this year. Mobile payments may be used in $245B in transactions in 2014, from $32B in 2010, according to Gartner.