Swiping Is the Easy Part

The cellphone has been more than a cellphone for years, but soon it could take on an entirely new role — standing in for all of the credit and debit cards crammed into wallets.Instead of swiping a plastic card at the checkout counter, consumers would merely wave their phones.There’s just one hitch: While the technology is already being installed in millions of phones — and is used overseas — wide adoption of the so-called mobile wallets is being slowed by a major behind-the-scenes battle among corporate giants.To read this report in The New York Times in full, see:
www.nytimes.com/2011/03/24/technology/24wallet.html