4.29.2010

And you thought identity theft was a problem now

Several...companies have developed small credit card scanners that plug into a cellphone and for a small fee enable any individual or small business to turn a phone into a credit card processing terminal. PayPal’s cellphone app calls for only a simple bump of two cellphones to transfer money. Apple has submitted a patent application for a cellphone payment system.

link: Cellphone Payments Offer Alternative to Cash - NYTimes.com


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