Until now, the big question about using your phone as a wallet has been a simple one: Why? It’s not that hard to pull out a credit card when you want to buy something, so near-field communication (NFC), which lets you pay by tapping your phone against a sales terminal, seems superfluous. Besides, some businesses, like Starbucks, already let you pay by phone using dedicated mobile apps. As VentureBeat’s Devindra Hardawar argued this week, NFC still seems like an answer in search of a problem.
Why not just use apps instead of relying on NFC? While the way Starbucks handles mobile payments is cool, paying or using virtual loyalty cards stored inside your phone becomes impractical if every retailer starts offering its own dedicated app. Suddenly, your phone would be filled with dozens of apps, and you’d be stuck fumbling through software instead of a physical wallet to find what you need. That’s not an improvement.
The first step toward making the digital wallet better is consolidation, and that’s happening now. The next version of Apple’s iPhone software, due this fall, will have an app called Passbook that stores all your loyalty cards, tickets and coupons in a central location. Passes can be time- or location-aware, so they pop up when you might need them, and they can notify you of important updates, like gate changes for upcoming flights. Google, not surprisingly, says it wants to offer a similar service as an extension of Google Wallet.
Read more:
http://techland.time.com/2012/08/30/the-digital-wallet-is-starting-to-take-shape/#ixzz25cwJJDkW
http://techland.time.com/2012/08/30/the-digital-wallet-is-starting-to-take-shape/
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As Isis launch nears, NFC mobile payments still feel like a pipe dream
http://venturebeat.com/2012/08/29/isis-nfc-mobile-payments-dream/