New mobile payment technology could spur impulse purchases

vbimport

#1

New mobile payment technology could spur impulse purchases.

[newsimage]http://static.rankone.nl/images_posts/2011/01/ocAnMe.jpg[/newsimage]According to recent rumors, Apple may be implementing NFC technology into both the iPhone 5 and the iPad 2. This would certainly prove beneficial to Apple-holics eager to spend on the go, but it brings up another issue: impulse spending in the digital age.


Read the full article here: [http://www.myce.com/article/new-mobile-payment-technology-could-spur-impulse-purchases-39164/](http://www.myce.com/article/new-mobile-payment-technology-could-spur-impulse-purchases-39164/)


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#2

What’s the range on these things?

Is it now possible to get an NFC reader, stick it in your pocket, then attend a concert, or other crowded place, and just charge everyone you walk past with phantom purchases?


#3

[QUOTE=debro;2571802]What’s the range on these things?

Is it now possible to get an NFC reader, stick it in your pocket, then attend a concert, or other crowded place, and just charge everyone you walk past with phantom purchases?[/QUOTE]

or rake payment info from the device and sell it on the black market. They sell RFID readers that can scan hotel keycards so someone can make copies. I remember seeing a vid on youtube from one of the DEFCON conventions where guys were making them out of scraps and breadboards. I think there was a video about the Mastercard paypass system where a reporter had an actual POS cardreader in their pocket with a notebook and showed people how easy it was to scan their credit card number with it still in their wallets.

I don’t think i would sign up for this. It’s too easy already for crooks to steal your info. No need to make it any easier.