HSBC Trials NFC Payment Pilot
Feb 1, 2007, 12:42 PM by (staff)
In what appears to be the first large-scale trial in the U.S., more than 200 HSBC employees loaded their credit card information onto their mobile phones via ViVOtech's over-the-air process with the intent to test contactless payment systems through near field communications (NFC). The NFC equipped phones will allow the employees to make contactless payments at some 36,000 retail locations around the world served by MasterCard's PayPass program. For purchases of less than $25, customers can tap their phones to the PayPass reader and make instant payments that don't require a signature.
You know what the next logical step is...
It will never catch on... nice thought though.
This might catch on better than you think.
Another thing...why do people have such a problem with having to show their id in order to use a cc or check. It is really meant for their protection. It's scary to know how easy it is to steal someones money. I hope this never happens to me.
DIY Contactless Phone Payment...
Then take that down to your local 7-11 and impress everyone at the register!