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Bling Nation takes mobile payments local

Mobile payments company gets new investment, and a high-profile board member

Anyone who texted donations to the American Red Cross recently knows your cell phone is on its way to replacing your wallet.

From big banks and wireless companies to startups, there is fierce competition over who enables the new payment systems emerging. One Palo Alto-based startup thinks it has a plan to win: Bling Nation has $33 million in venture funding, MORE