Isis - Cellphone Payments

Six handset makers back Isis NFC payment: Cell phone makers are combining resources in an effort to standardize near field communications (NFC) in order to further their efforts to make payments with their devices. Recently, PRT reported that Sweden was the first country to contemplate a cashless economy. Along with these reports, there have been multiple examples of the strides being made to make the United States and the rest of the world cashless as well. It is inevitable. Paper is outdated and inefficient. Using a cellphone to make payments is only one more cog in the machinery that is already set in motion. There will be cashless economies and it will be controlled by one who will use it for nefarious purposes. Just keep watching.