You've choosen:
INFORMATION CENTER
News and Articles about Credit Cards...
Read about Credit Cards before Apply!
News about Credit Cards
Mobile phones to replace credit cards for making purchases
[12:00:00 AM Wednesday, February 02, 2011]
Credit cards are all set to retire in the near future. With the mobile phone becoming indispensible, they are all set to replace the credit cards shortly. The advancements being made in the field of information and technology is making it possible for people to use mobile phones for paying for the purchases as compared to credit cards. If this trend gains popularity, then our favorite piece of plastic is bound to disappear in oblivion.
The IT giant Apple, is all set to introduce this service into the market through various applications on iPads and iPhone. These gadgets will then transform into credit and debit cards that can be used to pay for all products and services.
According to Richard Doherty, who works for Envision Group, Apple plans to integrate a new technology called NFC (Near Field Communication) in the forth coming generation of iPads and iPhones. This technology will enable, the transfer of information between the two machines to be less than or equal to 4 inches. This implies that customers need not to reach for their wallet, to get their credit cards to make payments. They can rather wave their phone in front of the NFC reader and the payment will be made.
Though, Natalie Harrison, the spokesperson for Apple, neither confirmed nor denied these reports, gadget lovers are keenly talking about how the introduction of this technology can take the world by the storm. The introduction of this move will transform the cell phone for being a mere instrument for communication into a digital wallet.
Comments not found
The Latest Articles
[October 26, 2011]
Just because you don`t have a rewards credit card, doesn`t mean that your credit card can`t reward you. According to a MasterCard survey, 55% of consumers don`t know the extent of the benefits that their credit cards offer.
[August 31, 2011]
Every adult likes to travel light. The convenience of shopping without carrying an enormous wallet is something this generation has taken for granted. Credit cards are also a huge status symbol. Every adult remembers the glee and joy he or she felt when they received their first letter from some credit card company offering them a card. It proved that they had indeed arrived.
[August 23, 2011]
Consumers are increasingly using their line of credit due to rising inflation and gas prices. This has been revealed by First Data Corp`s report called Spend Trend. Credit cards are being increasingly used to pay for daily necessities such as gas as well as other basic needs. There has been considerable rise in food and gas prices as well. This is a direct fallout of inflation, but income has not gone up substantially to keep up pace with the inflation.
[August 17, 2011]
While most consumers are rejoicing about the increase in the number of credit card offers today, there are a few who are skeptical about the number of rewards cards solicitations that arrive in their mailboxes on a daily basis. However, Bill Hardekoph, the chief executive of a leading financial website, has said that there is absolutely no cause for worry. The rewards credit cards are the latest trends by credit card lenders, both large and small, to increase the number of customers. Of the many rewards cards that are flooding the market today, here are a few that are worth a thought.
