Motorola (NYSE:MOT) has teamed up with Master Card to develop mobile handsets that are able to perform secure financial transactions.  The phones are being equipped with PayPass, a contactless payment service developed by Master Card and VivoTech.  Master Card is seeking for customers having many low-value transactions that are mainly cash based.  McDonald's, for instance, is one of the restaurants that announced it will accept the transaction system by the end of the year (i.e. in Dallas and NYC, with more cities to be added in 2005).  Master Card is also teaming up with other cellular phone manufacturers such as Nokia (NYSE:NOK) on tests of Pay Pass capable phones in Dallas, TX.