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July 30, 2006
Paying Through Your Phone!
My mobile phone is an extension of my hand; I’m never seen without it, so much so that my family and friends say I should have it glued to my ear. Imagine what they would say if they knew I could use my phone not just to talk, send messages, take pictures, shoot videos, record and listen to music, surf the Internet, transfer files and applications via Bluetooth and infrared technologies, but also to send money to others and make payments.
Yes, it’s possible, through RFID-enabled mobile phones. Not in his wildest dreams would Alexander Graham Bell have even imagined all the purposes his invention would serve! RFID tags embedded in the handsets connect to your debit/credit cards, thus allowing you to pay for goods and services at RFID payment terminals via your phone. Handy option when you leave the credit cards at home!
These phones are currently available in parts of Asia; they are driven by the FeliCa HF tag from Sony. The tag is now being standardized in a joint effort by Sony, Nokia, and Philips Semiconductor.
MasterCard has already implemented RFID technology into its credit cards; convenience stores that accept RFID-enabled payments claim that such transactions are 8 seconds faster than using ordinary credit cards. Is this what they call “buying time”?
So you as a consumer have a wealth of choices – credit cards with RFID or mobile phones with RFID that link to your credit cards? What’s it to be folks?
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mobilephone is enterd into everycorner of humanlife(i.e;like talk, send messages, take pictures, shoot videos, record and listen to music, surf the Internet, transfer files and applications),we can also to send money to others and make payments by using RFID payment terminals,it's very useful for consumers.
Posted by: smith | Jul 31, 2006 3:25:54 AM
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