Reuters is reporting that Bank of America is working on a small pilot program for a mobile payment app. The pilot is being conducted near BofA headquarters in Charlotte, N.C., and is only open to bank employees.

Bank of America is working with mobile payment startup Paydiant to develop the mobile payment app. Instead of NFC or barcodes, the new app uses a phone's embedded camera to scan a QR code at the point of sale to identify the transaction to the consumer's payment credentials.

Paydiant's co-founder Chris Gardner told Reuters the company is working with several other FIs on a similar mobile payment scheme, but declined to name the banks.

Based in Wellesly, Mass., Paydiant was most recently in the news for closing a Series B round of funding in July worth $12 million. To date the company has raised approximately $20 million to develop its mobile payment technology.

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