Paymency partners, from left, Michael Berengolts, Gary Lewis Evans, Adam Harris and William Harris, are developing a cellphone payment system that holds promise for reducing fees merchants now pay whenever consumers purchase goods using credit or debit cards.

Paymency partners, from left, Michael Berengolts, Gary Lewis Evans, Adam Harris and William Harris, are developing a cellphone payment system that holds promise for reducing fees merchants now pay whenever consumers purchase goods using credit or debit cards. Photo by Stephen Whalen.

In the near future, most consumers won’t use plastic to pay for their purchases, but cellphones, says Gary Lewis Evans, who is building a new payment network revolving around wireless technology...

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