Smartphones and PDAs the New Credit Cards

Filed in archive Mobile Services , Nokia , PDAs , Smartphones , Wireless Living by Rico Mossesgeld on January 11, 2007

More stuff from CES 2007. visa announced plans to gradually roll-out its mobile payment system. The credit card network hopes customers will use their smartphone or PDA to pay. And also any other gadget that has the necessary Near Field Communications (NFC) chip embedded.

My only experience with NFC chips is gaming. In some of the newer arcades over here, you load money into a card and just run over the sensor to start playing. And a jet-setting friend tells me it's how Singaporeans pay for mass transit.

The Nokia 6131, also shown during CES, is a phone that works with Visa's service.

Cramming a camera, music player, office software, and wallet into your gadget sounds pretty convenient. But if it's easy to pay, so is racking up huge bills. And even if vendors have to confirm the transaction before it's completed, how does the system protect against misplaced/stolen virtual wallets?

Related Entries:

Casinos Look to Connect Credit Cards to Slot Play - 13 April 2006
Oh $#@&%!!!... RFID Credit Cards Can Be Hacked. Very, Ve... - 24 October 2006
Indian RFID Phones Will Include both Debit and Credit Cards - 19 January 2007
Smartphones and PDAs the New Credits Cards, Part 2 - 17 April 2007

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Tags: Visa+Mobile+Service Credit+Cards Credit+Card Near+Field+Communications mobile credit+cards smartphon

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