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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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?
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.