Mobile Payments with Smartphone
More and more people are using smartphones and the number of applications keeps growing. One of the more practical is the ability to pay for everyday items such as coffee with the wave of your phone. As Bob Rankin notes in his blog ask Bob Rankin: “The average swiped-card transaction takes 57 seconds, while Starbucks mobile payment solution does the deal in 10 seconds. Seconds count when you want coffee!” Your phone just needs to be backed by your credit card.