With today's technology making a move towards mobility, and the market for smartphones growing everyday, cellphones are gaining new features, updates, and models at a higher rate than ever before. Apps are being developed everyday with new useful, entertaining, or even silly purposes. With all of these mobile technological advances, the promise of a new standard that may be implemented in the near future has revealed its-self; mobile payments. Not mobile payments as in buying something over an eBay app on your iPhone, and paying for it using PayPal over your 3G connection, but as in paying for something at a gas station or restaurant.
Yes, mobile phones are now looking to gain the technology to replace Credit and Debit cards!
Using a technology known as N.F.C. (Near Field Communication), the phone would be able to send a short-range wireless signal to the N.F.C. reader, which would then process the payment. The chip designed to send the N.F.C. signals are being designed by Qualcomm, a well known company that innovates in Wireless and Mobile technology. If you have a newer phone, and look on the back cover, there's a good chance you'll see the name Qualcomm etched right above "3G CDMA".
When can we expect to see this technology emerge? There is no official date, only the news that it is in the works; thus it may be some time before we will see it first hand. Right now, both Apple and Google are planning to develop and incorporate the technology into the iPhone, and Android devices.
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