"Last night on my drive home I stopped at a Boston Market take-out restaurant and here's how I paid for my family's dinner: I handed the counter clerk my American Express, she swiped it through a card reader, and handed me a receipt. There was no PIN to enter and nothing to sign. Couldn't have taken 15 seconds.
"Would waving my cell phone at a wireless reader have been easier? Not for me, because I don't normally carry my cell phone. But, yes, I suppose those who do might have shaved a few seconds off that less-than-15-second transaction.
"And what's the value of that? About as close to zero as I can imagine."
Nov 3, 2008
Phone wallet - do I need one?
Here's an interesting article in NetworkWorld, titled I need a 'wallet phone' why?