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'Digital wallet' will transform smartphone and how we spend
http://sync.sympatico.ca/news/conten...nenabled=false
Major players like Rogers, Visa and PayPal are backing development of the 'digital wallet', a new technology that will pay your bills and buy your coffee, all from your smartphone. One thing it could change, for example, is your morning coffee ritual. David Robinson, vice-president of emerging communications at Rogers, envisions a Tim Hortons application that would know you always order a large double-double, track your location via GPS and charge your bank account before you've even set eyes on the restaurant. "Then," says Robinson, "you just pick it up in an express window." The smartphone-enabled wallet also allows consumers to purchase items simply by tapping their phone on a pad at the cash, much like a tap-and-pay credit card. Those cards only deal in transactions, but the possibilities for digital wallets could be endless. Big players such as Rogers, Visa and PayPal are backing the new technology, signaling its rise in the near future. The list of digital wallet capabilities is long. New to the city and need a transit pass? You could simply purchase a pass on your phone and go. Access cards for your office building could be there, too. Receipts would be stored in the phone, and so alleviate many of the headaches of the return line. The way consumers buy alcohol or cigarettes would also change, as patrons could simply tap their phone on a pad at the cash to indicate their age to a clerk. It could even bring sweeping change to the way health-care identification works, as provincial health cards could reside on a phone in the same wallet. Test results could be emailed or explained to patients over the phone, eliminating many types of follow-up visits. Stolen, copied or forged plastic health cards would be a thing of the past. The digital wallet is a virtual representation of the real thing - except it resides in a digital device. A wireless signal known as near field communication (NFC) is at the heart of the innovation, where a chip in the device sends a signal from the phone to a payment terminal. Canada as a frontrunner Robinson says Canada is uniquely ready for digital wallets because the infrastructure is more developed here than in most countries. As well, Canadians are in the top four in the world for smartphone usage and often have the latest and greatest devices. Mobile payments and digital wallets are top of the development heap, says Visa Canada's Derek Colfer. "There's lots of conversations occurring between mobile network operators, device manufacturers and banks," Colfer says. "There will be a plethora of digital wallets for consumers to choose from within the next 24 months." Visa believes that once the retail backbone is established the rest will follow. Rogers' Robinson says that in a few years digital wallets will be as common as a camera is on a cellphone today. "Every carrier and bank on the planet wants to be able to do this," he says. Still, according to a report in December 2011 by the Task Force for the Payment Systems Review, Canada is still not yet where it needs to be for digital payments. The review, commissioned by Finance Minister Jim Flaherty, says that Canada has not yet implemented a digital authentication process that is both safe and easy to use - something that industry players are pushing to rectify. The review also states that Canadians rely too heavily on cheques, and that financial institutions could save $600 million a year in cost savings by 2020 under a digital payments system. Doing it now The seeds of digital wallets have been sown already - Google and PayPal have versions set up for payment. Visa's digital wallet works on some LG, Samsung and BlackBerry phones for direct payment, including the BlackBerry Bold 9900 and 9790 models, as well as the Curve 9360 and 9380. Robinson says RIM is the most aggressive but many handset manufacturers are developing the technology. Other phones that are already NFC-capable include the LG Optimus LTE, the HTC Ruby, and Samsung's Galaxy S II. Apple is curiously absent from the list - but many expect the company to include the feature on its next phones. "Apple is very aggressive in patents in the category," Robinson says. "They've filed all sorts of patents around NFC. So looking at that would indicate that they're going to do something." Making it safe Every developer says security is a huge issue for consumers. Research conducted for PayPal Canada found that 43 per cent of people don't trust their smartphone to keep their personal information secure, and more than 80 per cent worry about financial privacy while making mobile transactions. But the developers of digital wallets believe they will be even more secure than traditional ones. "If there is a transaction that occurs on an e-commerce site that you didn't make, you will not pay for it," says Colfer. And no need to panic and call a dozen card issuers if your digital wallet is lost. "One of the services we'll provide as carriers is we'll inform all issuers simultaneously that the cards have been compromised, and then issuers will be able to lock those accounts," Robinson says. Then, new phone in hand, a person could piece their wallet back together just tapping on a screen and making some phone calls from an NFC-capable device - a much quicker ordeal. Smartphone providers won't have detailed credit card information. Instead, they'll have a record that an account exists on a particular device. "When we put a card in secure memory, no one has access to that information other than the issuers," Robinson says. ...did someone say cashless society?? |
The Underground Market will be a unending orgy of commerce and trade...
Bring it. |
This has been the plan for a very long time. First get you addicted to the free and open internet. Then slowly erode the 'free and open' part, while your addiction grows many times stronger. Next comes a license to use the internet, and 100% control. tracking and data mining. The goal WILL be achieved.
Same thing with the money. People are aware of the push for a 'cashless' society. So, in return, the system has gotten you addicted to your smartphone. Again, starting out as 'free and open' with your phone, has slowly turned into a massive global addiction. They will now slowly erode the current smartphone networks to a point where it will be nothing more than a surveillance grid designed to control your every facet of existence. They use these systems; which seem to be innocently started for our benefit; but for those in the know, this is a Luciferian system set up to completely and totally enslave the individual. |
I reject you Satan!
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What happens if you do not have a smart phone and do not care to have one?
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16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. |
I have believed for some time that the smartphone is the mark of the beast. I could see it coming from a mile away.
It's funny that some people think they want to put a chip under our skin...rediculas. It's much easier to have people willingly take the mark...and demand it even! All will see, soon enough. "YOU ARE ALL GONE!" ~Ponce~ |
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Brave New World.
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