In some countries, people paying for things with their smartphone. How you may ask? Well when they go to the vending machines or store counter in some countries, all the buyer has to do is swipe their phone to pay. Although not available here in the United States yet several companies are have plans in the works. AT&T and Verizon are looking to work together to adapt to the market for smartphones that can operate as a credit card.
Techno-phone: Google has teamed up with Citigroup and Mastercard to develop to mobile payment system specifically for the Android phone
Instead holding up checkout queues as customers rifle through their purses to find the right card, they will simply swipe the phone past an electronic reader to pay
I hate to be skeptical, but I am still concerned about security, as well some people getting into some serious debt…..
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