"Imagine a technology that lets you pay for products just by waving your cellphone over a reader. The technology exists, and, in fact, people in Japan have been using it for the last five years to pay for everything from train tickets to groceries to candy in vending machines. And in small-scale trials around the world, including in Atlanta, New York and the San Francisco Bay Area, nearly everyone has liked using this form of payment. But consumers in the United States won’t be able to wave and pay with their cellphones anytime soon: The myriad companies that must work together to give the technology to the masses have yet to agree on how to split the resulting revenue. “In Japan it was easier,” explains Gerhard Romen, director for corporate business development at Nokia. [...] This is not the case in the United States."
24 January 2009
Cellphone E-Cash ~ America's Slow Adoption...
Leslie Berlin writes in the NYTimes asking about Cellphones as Credit Cards? Americans Must Wait. She writes...
Posted by Joost Bonsen at 19:12
Labels: America, Asia, Economy, Entrepreneurship, Finance, Innovation, Markets, Mobiles
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While this may be a great system, it still is vulnerable to identity theft. If the phone is lost or stolen the owner has to go through the same tedious process of canceling all the credit cards placed on the phone that they do if a real credit was or stolen. In addition its possible to get personal information, like a person’s name, from the credit-card account data stored on the mobile phone. There is a better and safer way to purchase items, especially items on the internet, with a cellphone. OneTouch Online Purchasing™ enables consumers who do not have a credit card, to finally purchase everything they've ever wanted. Log on to http://freeonetouchdownloads.com/ for your free promo account. You can use the promo cash to buy things like themes, ringtones, and games for your mobile phone at sites like www.gsmarena.com for residents of the UK and Spain and www.gamemobile.com for anyone with a phone worldwide
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