The pilot program is taking place in India. Pretty soon the cell phone will be doing just about everything. Soon they will be used for Ultra Sound diagnostics as well. I guess next the big challenge will be to extract your payment while providing the ultra sound test all at once (grin). The old credit cards we have known for years could be a thing of the past in a few years, video below on how the ultra sound works. BD
Mobile phones often double for other practical devices – camera, clock, calendar – and now a credit card.
Citibank has rolled out its Citi Tap and Pay program on a pilot basis in India. Using near-field communications technology, Citibank has launched a next-generation, contact-less, credit card payment mechanism in Bangalore.
The technology will allow customers to tap their mobile phone at a compatible reader at the point of sale to pay for purchases, eliminating the need for the conventional swiping of credit cards and enhancing the security of credit card transactions by eliminating the need to hand a physical card to a merchant.
Mobile Phones as Credit Cards? Citibank Unveils New Program
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