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Photos: Accenture waves goodbye to the wallet

NFC tech the future of payments

By on 31 January 2008 11:18

The SMS is on the wall for crumpled notes and battered leather wallets as Accenture Technology Labs shows off the future of contactless payments using mobile phones.

The custom built contactless payment terminal shown here demonstrates how NFC (near field communication) and RFID technology could soon allow phones to pay for goods and services, act as travel or gig tickets and transfer money between bank accounts.

Photo credit: Nick Heath

Comments

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  1. 1. anonymous

    I see, so stealing my phone becomes even more attractive to Mr Junior Criminal? I think not! Diverse devices and cash will remain for a long time, probably for ever. Anonymity is quite useful sometimes! "Solution looking for problem" should be your caption for this one!

    • 1 February 2008 11:13
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  2. 2. Karen Challinor

    another attempt to tell us cash is dead and has been replaced with an electronic version which sits in your phone or contactless card and is so convenient you won't even notice you are making a payment nor that the date, time and location of the payment is logged, they hope

    and of course it is totally secure but the transaction is limited to £10 anyway even if it isn't so you won't get ripped off by much if you do get ripped off, not that you'd notice, unless it happens to be your last £10 in which case you can't get home

    and heaven help you if your battery dies

    yeah cash is definitely dead

    • 1 February 2008 12:35
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