Will Customers Pay By Swiping Smartphones, Not Credit Cards?

http://www.youtube.com/watch?v=4Z1FUYeZPDI http://delaughter.org .That smartphone in your pocket might soon replace all your credit cards. Dozens of wireless carriers, handset manufacturers and Silicon Valley start-ups are working toward that goal, fueled by the massive adoption of iPhones, Androids and BlackBerry models. The idea is that instead of reaching into your wallet for your credit cards, you'll instead drag out your cell phone and swipe it to pay either with embedded software in the phone itself, or a small chip that attaches to it.
Market tracker Juniper Research says that one in every six mobile phone users will have a phone able to make mobile payments by 2014. http://delaughter.org

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[goodgirlsguide]

and when someone steals your phone they can yu up your credit card without even knowing a code - they just tap that phone of yours and you py it for them - you haven't even got a phone to call your credit card copany to block it.

In addition, your every movey, spend and behavioural patterns are being monitored and analysed. tracked everywhere you go...

[mumandtwins]

@Budda0420 big business and banks etc know that some people are extremely lazy or pushed for time, and some people are stupid enough to fall for hairbrained schemes like that.

[mumandtwins]

not a very good idea, phones get lost or stolen and in Australia there is a push to make cars completely mobile free zones so I doubt too many people would be carrying their phones with them. Also a credit card is much smaller than a mobile phone. so guess my answer to this is No Way would I use it

[aurora990]

this will bring false sense of security. technology is a double-edge sword. use technology wisely.

[Katfellow]

People's phones get stolen all the time. Seems like a good way to make nice people easier victims.

[1stSuperChannel]

Never heard of that. sounds interesting. I carry my cell phone around everyplace I go but never my wallet. I doubt I would do that though, too many hospital bills to pay now since having surgery and everything else that I am going though with chemo and radiation treatments coming up.

[jonathanbarnesjr]

"@ all of the nay-sayers" How about keep track of your phone because you know how important it is not to lose it!? I mean come on, I haven't lost a phone once since I was 18...it's not that hard people. I think what you really have an issue with is change. Get over it.

[MustafasManualFX]

BULLSHIT.

[bibipink4eva]

@Budda0420 i agree!

[Budda0420]

if your phone is gone. then how can you call to deactivate the card? this is so dumb. we Americans are so fucking lazy