Halfway to the Mark

Forget RFID. The Mark is more likely NFC (Near-field Communications). Already fully functional on pay-passes and credit cards, NFC allows a consumer to merely swipe to pay for their goods and services.

Now the three major U.S. cell providers (AT&T, Verizon, and T-Mobile) have just started a joint venture, which will have NFC installed on their cellphones. No more pay-passes or swiping your cards--just swipe your cell-phone. The next step is to skip the phone all-together and insert NFC chips directly in a consumer's right hand.

http://online.wsj.com/article/SB10001424052748704312504575618451794204436.html?mod=googlenews_wsj

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