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Thursday, May 12, 2011

Digital Wallet: Your Smartphone Is Your Credit Card

Check out this article on Huffington Post, especially near the end. "Visa is also working with cell phone companies to push forward phones equipped with Near Field Communications (NFC) technology. With NFC, a smartphone does the job of a credit card, so that instead of swiping a card, the shopper would be able to wave or tap a phone when paying for a purchase. While some smartphones, like the Google Nexus S, are set to have NFC technology baked in, Visa plans to offer cases and SD cards that provide compatibility for devices built in earlier times."

Who's ready to lighten or even replace their wallet? I know I am. As the article suggests, it is probably a "generational thing" how quickly someone would be willing to eliminate their wallet completely. For my son, it would be his preference. For my Dad, absolutely not.

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