Are we using the smartphone to shop yet?

by SteveBayle on December 21, 2009

I guess not yet, according to a security expert and organizer of the Black Hat security conference, Jeff Moss.

As quoted in the The New York Times today:

“The tipping point will be when we’re using the phone to shop and conduct banking,” Mr. Moss said.

To be fair to Mr. Moss, I believe what he was saying applies to actually using mobile phones to make purchases, rather than using them  as an aid to shoppin – primarily for price comparisons – which is the state of the market today.

But with companies like PayPal and Square moving into mobile financial transactions, and experiments like the ones at Starbucks in selected stores, actually completing a financial transaction with your smartphone is coming sooner than many may think.

The days of the credit card are numbered!

Posted via email from PostVerbela

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