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Your cellphone as your wallet? It's closer than you think

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http://www.itwire.com – Having your cellphone as the only thing you need to carry to pay for anything from bus and train fares to your week's groceries and much more is become a distinct possibility as a 'ducks line up' for mobile payment systems enabled by near field communications. (IT news)

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Submitted by taskli on 12/16/2010 – Made popular on 12/16/2010

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Google Wallet and other mobile payment providers, coupled with Near Field Communcation-enabled smartphones, are stimulating the production of contactless technology in cash registers, says ABI Research. Some 85 percent of Point-of-Sale (PoS) terminals that ship in 2016 will be & contactless-enabled,& up from 10 percent in 2010, says the research firm....

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