Silicon Valley is looking to replace your worn-out wallet. And some of the biggest names are looking to replace your credit and debit cards witha technology called near-field-communication (NFC) on your smartphone to make your purchases. NFC lets devices transmit data such as payment information, loyalty points and coupons by tapping them against specially equipped cash registers. In 2014, 340 million global mobile users will use mobile payments, with such transactions totaling $245 billion, up from $32 billion last year, according to Gartner. The number of phones ...
http://www.nypost.com/p/news/business/smartphones_becoming_wallets_JtFdkDt3tNf7WVxrul5kkK
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http://www.nypost.com/p/news/business/smartphones_becoming_wallets_JtFdkDt3tNf7WVxrul5kkK
Shared via News360 for Windows Phone 7. Learn more at http://news360app.com.
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