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Financial institutions will pay for consumer mobile-payment services until they develop revenue-generating methods, panelists at SourceMedia's Mobile Commerce Summit in Las Vegas said Monday. "There's not a great likelihood financial institutions will charge a customer where they are not charging them today," said Mark Uicker, vice president of Clairmail, a Novato, Calif.-based provider of mobile services for financial institutions. Instead, financial institutions will have to create other means of gaining mobile-payments revenue. For instance, banks can produce income by selling mobile advertisements, suggested Adam Green, senior product manager with Jacksonville, Fla.-based Fidelity Information Systems.

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