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microSD Might Pave The Way For Contactless Payments

microSD cardToday I read a great article on the future of cell phones, microSD cards and wireless payments. Imagine a purchase where you receive a coupon because you are in a specific store.  You then find the product, and go to pay.  Rather than pulling out your credit card, you simply wave your phone before a terminal and the purchase is done.  The transaction gets emailed to you, so not even a receipt is generated.  Not bad, and it isn’t far away. US Bank, one of the leading US financial institutions, will be test piloting the program with their employees and the iPhone later this year.  If all goes well, you can see banks, phone companies and microSD manufacturers teaming up for one sweet contactless purchasing solution. I am by no means an expert in this field, so I’ll restrain myself from regurgitating the article, but if this topic peaks your interest, jump over to NFC Times and read the entire story.  Very interesting.

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