Monday, February 13, 2006
Motorola Announces M-Wallet - Pay With Your Phone
Posted by Jon Westfall in "NEWS" @ 07:00 AM
"Motorola today announced M-Wallet, a solution that allows users to unite all of their bank accounts, credit cards and more on the mobile phone. This system is currently composed of a secure server hosted by a carrier, and a downloadable client for nearly every platform including Java, BREW, Windows Mobile and Symbian. The client allows users to access information on their accounts and complete online banking operations including funds transfers, bill payments and statement reviews. In the near future, M-Wallet will be able to replace the cards themselves and not just access to their accounts. M-Wallet will operate in conjunction with Near Field Communication (NFC) chips once they are included in handsets or available as an accessory. Phones can then be used to make near-instant pay at registers, access cash machines or act as a ticket for events or transportation."
The latest in the ever-popular eCash-esque solutions comes with Motorola's backing. Who knows if you'll be able to use this eventually to pay for your chips & drink at 7-11, of course that may be a bad thing for the traditional geek lifestyle ;)
The latest in the ever-popular eCash-esque solutions comes with Motorola's backing. Who knows if you'll be able to use this eventually to pay for your chips & drink at 7-11, of course that may be a bad thing for the traditional geek lifestyle ;)
