SlashGear Japan
Imagine using your cell phone as your credit card. The cell phone has long taken a spot next to your wallet, but now it may replace your wallet altogether. Nokia, Cingular, Citibank, and Mastercard have announced that they are working together to trial a NFC (near field communications) based credit card cell phone in NYC.
Although this system is for making transactions more convenient, many people fear that it will make stealing more convenient for thieves as well. Security flaws already reported in the currently available Paypass Mastercard system also doesn’t help matters. However, for those who are interested in participating in the trial, you can sign up at www.nyctrial.com by December 20th.
Nokia, Cingular, Citibank and Mastercard to trial the credit card phone [Via: Gadgetell]
One Response to “Nokia, Cingular, Citibank, and Mastercard trial cell phone as credit card”
Ewdison Then December 15, 2006
im a paranoid person in regards to my credit card security, so i hope these vendor would do more homework on some security measurement
Neutral