There's plenty you can do with them - play music ,send pictures and what not,but soon,you could be using your iPhones for shopping.
Barclaycard and UK's biggest phone network,Everything Everywhere,which includes Orange and T-Mobile,have signed a patnership to bring the system to 40,000 tills."This is the beginning of a revolution in how we pay for things.It's a cultural shift that is as important as the launch of personal credit cards or cash machines," the Daily Mail quoted chief development officer for Everything Everywhere,Gerry McQuade,as saying.
He added,'We are making something that's been talked about for many years and,very soon,using your mobile to buy a sandwich,a cinema ticket or,in time,even something bigger like a computer will simply be the norm."
This is how it works:there's a tiny chip and an antenna installed in the phone,which ties the handset and their credit card and bank account.The antenna sends a radio signal to a till scanner which recognises the handset,authorises the payment and then deducts the money from the owner's account.
Ofcourse there are some drawbacks - the more frequent the transactions the more are the interest charges.People will also be suspicious about the secutiry of the technology,given the recent history of bank innovations.And a major worry is the phone getting lost.But Orange insisted the system is secure.
Barclaycard and UK's biggest phone network,Everything Everywhere,which includes Orange and T-Mobile,have signed a patnership to bring the system to 40,000 tills."This is the beginning of a revolution in how we pay for things.It's a cultural shift that is as important as the launch of personal credit cards or cash machines," the Daily Mail quoted chief development officer for Everything Everywhere,Gerry McQuade,as saying.
This is how it works:there's a tiny chip and an antenna installed in the phone,which ties the handset and their credit card and bank account.The antenna sends a radio signal to a till scanner which recognises the handset,authorises the payment and then deducts the money from the owner's account.
Ofcourse there are some drawbacks - the more frequent the transactions the more are the interest charges.People will also be suspicious about the secutiry of the technology,given the recent history of bank innovations.And a major worry is the phone getting lost.But Orange insisted the system is secure.
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