Motorola and MasterCard giving Near Field Communications payments a run for your money
In an upcoming field trial, Motorola will be testing Near Field
Communications (NFC) technologies with MasterCard, allowing users to make payments quickly and securely by simply using
their cellphones and MasterCard PayPass technology, turning cellphones into virtual wallets. While Motorola is
promising deep security measures, it seems to us that this will make getting one's cellphone an even more painful
process. The convenience factor could be huge, though: potential uses, aside from purchases, include concert
tickets, ID checks, and even a contactless reader. What's a contactless reader? Well, it means that you
could get McSpammed by simply walking by a McDonalds, we we can only hope Motorola's spending as much testing that
security as they probably are finding new advertising channels.

















In HongKong this one is common standard since many years already. There it is called Octopus Card (http://www.octopuscard.com/eng/index.htm).
A contactless reader probably means that the cellphones with this technology would only need to hover an inch or so above the reader in order for it to be read and recognized.
I was actually just about to mention Hong Kong (and Taiwan as well). I guess someone beat me to that. To clarify, in both Hong Kong and Taiwan tickets for transportation (buses, trains, etc) are plastic smart cards which are read by "contactless readers." In Hong Kong, these cards can also be used in convenience stores, supermarkets, parking meters, and numerous other places (and believe me, the convenience factor IS huge).
I've had to take off my cameraphone in various places for security reasons. If this were to become commonplace, I would then essentially have to leave my "wallet" behind as well.
This is old news, DOCOMO has been doing it in Japan with their FeliCa service for a while now. Havent heard of any problems with it yet...
http://k-tai.impress.co.jp/cda/article/news_toppage/20960.html
I just bought me a new Freezer using the name and number on that credit card featured in the picture. Thank-you Engadget!
MasterCard has said that this will result in "a variety of marketing and promotional applications". But they didn't elaborate. Can somebody elaborate.