Quote:
Originally posted by Bhelliom@Jun 21 2005, 08:48 AM
At the simplest level, all that's needed is to embed phones with a short-range radio chip to beam credit card information to a terminal at a store register. It's not unlike the wireless system used to pay tolls on many highways or the SpeedPass keychain wand used to buy gas at Exxon Mobile Corp. pumps.
This is already a reality in Japan, where NTT DoCoMo Inc. says 3 million cell phone subscribers use its Mobile Wallet service to buy things at 20,000 stores and vending machines.
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Wow, that sounds quite dangerous.. hope they have to push some buttons on the phone first before the RFID chip is enabled.