Monday, June 20, 2005

The word ‘Payphone’ takes a new meaning

Your cell phone could moonlight as a PDA, a digital camera and an mp3 player and now it is all set to take on another role, your wallet. Simply put, all that a cell phone needs is a chip that could transmit credit card details on demand to a terminal in the supermarket and the transaction is done. In Japan, DoCoMo provides this service to its subscribers helping them buy things at 20,000 stores and vending machines. DoCoMo, along with Visa, have created this service called VISA PPI which enables credit card payment through infrared transmission. The users can download their credit card information onto their phones and then use the phone to send the details to POS terminals. We may soon stop carrying ‘Plastic’ and start carrying more ‘Silicon’. (you will not be credited for any breast implants jokes that you might post as comments, I have cracked them all)


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