technology that is already in use in many corners of the globe. Reportedly, the Royal Bank of Canada and Visa Canada will be teaming up to launch a pilot program that enables users to purchase goods by just waving their cellphone in front of a reader. The handsets will sport an embedded microchip to pass along payment information, and similar to PayPass setups, it'll require no pin / password / signature for transactions under $25. Anne Koski, head of payment innovations at Royal Bank's cards division, noted that it was still too early to say which mobiles would eventually feature the built-in technology, but hopefully we'll be finding out sooner rather than (even) later.
[Image courtesy of USATech]