Monday, February 21, 2011

If you could your cell phone as a credit card, would you?

Everyone from Apple and Google to Nokia are exploring this opportunity.  Some phones like iphones and Androids are coming with NFC chips, the same kind of chips that are in credit cards.  That means you can pay for items without pulling out money or even your wallet.  You can even pay bills on your phone.  They are calling this invention mobile wallets.  I also heard that they are coming out with credit card scanners that you click on to your phone.  This is good for business owners.  You don’t have to have cash registers anymore.  Customers would just slide their cards on your phone.

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