With Cardless Swipe You Use Your Smartphone Instead of Credit Cards

By: Josh Milenthal - Published: Aug 4, 2010 • References: bloomberg & mashable
Wireless companies Verizon, AT&T, and T-Mobile are partnering with the makers of Discover Card and Barclay's PLC, a global retail banking company, to test a new cardless swipe technology, allowing consumers to pay for products simply by swiping their smartphones.

The benefits of cardless swipe are obvious: there's no risk of losing credit cards and there's less risk of your personal info being stolen by tampered scanners. The benefits aren't restricted to consumers either, as the card companies won't have millions of plastic cards in wallets to deal with, thanks to cardless swipe. Stats for Swipe 'N' Pay Technology Trending: Older & Chilly
Research: 2,734 clicks in 302 w
Interest: 3.9 minutes
Concept: Cardless Swipe
Related: 55 examples / 42 photos
Segment: Males, 18-55
Comparison Set: 20 similar articles, including: plastic is the new paper for vending machines, 14 ways to pay, and mobile credit card readers.