The day when we no longer use cash or credit cards is quickly approaching. Soon you may be using your smart phone to pay for items at stores and restaurants.
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For now, though, the “tap-to-pay” system is taking baby steps. Google Wallet will only be available as a trial in New York and San Francisco, and will work only on Samsung Nexus S 4G phones at select retailers using MasterCard PayPass terminals.
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They have 'tap to pay' all over Japan. Most phones have an NFC chip and you can pay at convenience stores, restaurants, and for the subway with your phone. It was amazing.
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This has been around in Japan and Korea for 5 years at least.
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So, ah... what happens if somebody steals your cell phone?
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