Users can pay for groceries and other purchases by swiping a phone over a reader that electronically communicates with a microchip on the phone. Phone owners confirm the purchase with the push of a button and the deal is complete.
This opens the door for more security issues, stolen cell-phone cases, identity thefts, etc... This sure makes the cellphone a digital wallet, and hence more valuable than ever. I believe, the more valuable it gets, the less freedom I will have in my careless usage.
As I said someone before the partnership of credit card companies and mobile companies is really good for everybody. There are more possibilities now for everybody. You know, I like to combine everything… Credit card + cell phone are success!)))
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