When will we be paying for stuff with our smartphones?

Source: Edward C. Baig, USA Today

You're in the checkout line ready to pay for the items in your shopping cart. Instead of fumbling with cash or pulling out a credit card, you whip out a smartphone. Inside the handset are chips that make nice with the store's register, and a digital wallet app holds virtual replicas of your plastic debit, credit and loyalty cards. You tap the screen to choose which one you want to use to pay for your purchases, then confirm the amount. An instant later, the transaction is complete.

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Tags/Keywords

wireless, cell phones, mobile, mobile payments

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