Using Mobile Phones as Credit Cards Inches Forward
In Asia, it’s common to see customers make purchases using their mobile phones using what’s known as near-field communications, CNET News reports. “Just wave the handset in front of a reader and voila, the transaction is done.”
In the U.S., we’ve had this technology embedded in cards, but not cell phones. The goal is to eventually eliminate the need to carry credit cards, transit cards, and building access badges and let your cell phone substitute for all of them.
The
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