Cell Phones Double As Electronic Wallets

A link published by James Bennett on September 30, 2007. Tagged with cell-phones, digital-money and economics. No comments posted.

Interesting applications of phone technology here; see also this article on the iTunes/Starbucks integration in today’s New York Times, which touches on similar issues but shows that American companies haven’t yet managed to pull it off successfully:

Mr. Entner said the sticking point on the growth of the phone as a full-service payment device had less to do with technology, which is adequate, and more to do with business questions. He said that all the potential participants — phone carriers, retailers, credit card companies, music labels — wanted a cut of the action, and it was not clear how the money for over-the-air payments would be divided.

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