For many people, smart phones are almost as indispensable as wallets. And soon, your smart phone could replace your wallet. A collection of the biggest wireless carriers, handset makers and software developers are putting their weight behind a technology called near-field communication.
That standard will allow your cell phone to make payments at a cash register, scan computer chips embedded in ads and posters for discounts and product info, and eventually incorporate driver’s licenses and other forms of ID.
“This isn’t just about payment,” said Jaymee Johnson, director of strategic development at T-Mobile USA Inc. “It’s fundamentally focused on transforming the ways customers shop, save and pay.”
