Your Cell Phone Will Replace Your Wallet

Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime Your Cell Phone Will Replace Your Wallet FROM THE PAST 1,000 B.C. 9,000-6,000 B.C. Livestock and crops were often used as units of exchange. 1200 B.C. First Metal Money Shells Mock cowry shells were made from base metals at the end of the Stone Age. They had holes so the shells could be strung on chains. Cowry shells were used in China. them 800 A.D. Paper Currency China started using the first paper currency. 118 B.C. Leather Currency One-foot square pieces of white deerskin edged in vivid colors were introduced in China. 梦 寶 行 通明 大 500 B.C. Silver Pieces of silver imprinted with numerous gods and emperors were the earliest coins. 文 伯 貳 1535 Wampum Native Americans used strings beads made from clam shells. TO THE PRESENT 2011 IDCID We no longer have to exchange tangible currency for the things we want to purchase. Currency continues to change as evidenced by the new high tech $100 U.S. Ben Franklin bill to discourage counterfeiting. can use multiple forms of payment – from hard cash to virtual - every day. You have probably used at least one of these today: internet transfer, pay by phone, bank drafts, money orders, credit cards, ATM cards, gift certificates and checks. WHDRAL NO AE 77665544 B E5 UNITEDS TES OEAMERICA AE 77665544 B Y DD ONE HUNDIlDDOLLARS ...AND THE FUTURE Bank of America has started working with Visa to begin testing the use of smartphones to make in-store payments without the need for cash or credit cards. The system will make use of Near Field Communication (NFC) technology, which is a short-range communication technology for mobile phones, to make payments by simply waving your phone at another NFC-enabled device. Apple just hired its own NFC expert earlier this week. NFC-enabled Iphones and Ipads are said to be on the way. O VISA OFFEE Now available in the App Store, myStarbucks (ITunes Link) and Starbucks Card Mobile (iTunes Link) let users find their nearest Starbucks and manage their Starbucks Card. II you live near one of 16 stores in the Seattle or Bay Area, you can even pay for your purchases with the Starbucks Card Mobile app via barcode. MONEY One big detractor to the use of NFC technology in turning smart- phones into virtual wallets is that most popular smartphones do not come with the required NFC chip installed. AT&T Inc. and Verizon Wireless, the two largest U.S. mobile carriers, are leading a venture that may begin testing phone payments at stores in four cities by the middle of 2011. Wireless cariers are seeking to enter the U.S. payments market dominated by San Francisco-based Visa Inc. and Purchase, New York-based MasterCard Inc., the world's biggest card networks. at&t VISA --- MasterCard verizonwireless Visa, MasterCard and New York-based American Express Co. are working to develop their own technology that works with mobile phones on the market now. Nokia has announced that it will include NFC chips in all its 2011 smartphones, effectively forcing Apple, Research in Motion, and other rivals to follow suit. NOKIA MobileLime is one of the first mobile payment systems in the United States that lets you use any cell phone on any carrier to pay for goods and services. MobileLime works only at merchants that have partnered with it. For now, the service is limited to a few dozen vendors in the Boston area and one in upstate New York. Carlsbad, Califomia-based Black Lab Mobile is a service similar to MobileLime. It is beta-testing its payment system that retailers, such as theaters and restaurants, can use to let their customers pay by cell phone. A likely scenario in the United States would be for one or more carriers to partner with or even acquire a credit-card network, so as to take advantage of its brand equity, processing savvy, and retail relationships. NTT DoCoMo, Japan's largest wireless company, has been encouraging its users to pay for things with their cell phones. It even bought a stake in Sumitomo Bank and is using C-Sam's OneWallet software so it can more efficiently handle transactions. KEITAI CREDIT SHOPPING TRANSPORTATION NTT ONLINE SHOPPING Do Co Mo TICKET KEY/ID MEMBER'S CARD Sources: http://library.thinkquest.org/28718/history html http://www.pbs.org/wgbh/nova/moolah/history.html http://typesofmoney.blogspot.com/ http://www.readwriteweb.com/archives/pay_with_your_phone_bofa_visa begin_testing_mobile php http://www.bloomberg.com/news/2010-08-20/bank-of-america-to-test-mobile-phone-payment-system-in-new-york-next-month html http://wwwr peworld com/article/122590use vour cell phome instead of vour credit card html Omobile-lime