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How your mobile phone can be turned into a credit card

April 19th, 2012 FAKE NEWS for the Zionist agenda

By
Sean Poulter, Consumer Affairs Editor


PUBLISHED:

19:04 EST, 18 April 2012

|

UPDATED:

01:31 EST, 19 April 2012

Any mobile phone can be turned into a ‘tap and go’ credit card under a payment system unveiled today.

Advocates of the technology argue it could mean the end of small cash payments within five to ten years.

The system, which can be used to make purchases up to £15, involves sticking a smart card or PayTag – about a third of the size of a normal credit card – to the back of a handset.

A Nokia phone shows a text message with credit card details, but mobiles could soon double as credit cards

A Nokia phone shows a text message with credit card details, but mobiles could soon double as credit cards

To make a payment, the phone is tapped on a specially adapted till. The tag, which contains a microchip, communicates with the till terminal via an antenna to confirm the credit card account of the customer and authorise a payment without the need to enter a PIN.

The system is being launched by Barclaycard, which says it comes with 100 per cent fraud protection, but it is likely to be adopted by other major banks. Previously, only a few hi-tech handsets could be used for tap and go payments, but the new tag means any phone could be.

An increasing number of retailers offer or are introducing tap and go tills, including Waitrose, McDonald’s, Boots and Tesco. By the end of this year, London buses will also accept these so-called contactless payments.

David Chan, the chief executive of Barclaycard Consumer Europe, said: ‘More than half  of us say that the item we’re most lost without is our mobile phone, so we’re giving people the option of using them to  make easy, convenient, everyday payments.’

Carl Scheible, the managing director of PayPal UK, said:  ‘By 2016, you’ll be able to leave your wallet at home and use  your mobile as the 21st century digital wallet.’

Here’s what other readers have said. Why not add your thoughts,
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The comments below have not been moderated.



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MORE government interference then and they are using these methods to watch our every more and our every penny. DON’T GO THERE FOLKS. DON’T LET IT HAPPEN! They’ve already manouvred us into financial straight jackets, we can’t buy or sell our own homes without proving to everyone even the sodding estate agent that we own it, can’t pay cash most places as its against the rules! BE WARNED.

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Just another target for thieves.

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As a Network security specialist, I will definitely NOT be using it.

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And (the antichrist) causeth all, both small great, rich poor, to receive a mark in their right hand.
And that no man might buy or sell, save (except) he that had the mark of the beast or the number of his name.
revelations 13

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Uh-ohhh…. I hope this doesn’t mean I will have to buy a mobile phone — I have never had one and I am thoroughly enjoying the freedom which goes with(out) it.

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I haven’t got a smart phone…or a credit card. I have a normal mobile phone for use as a phone and debit cards……as for letting my bank know EVERY transaction I make? They must be joking….they know far too much about me already. I withdraw cash and use cash whenever I can…that way only I know where and how I shop……this information is worth millions to these people and we are giving it away FREE. Why do you think that Facebook bloke paid so much for that picture app recently!

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I won’t be doing this as I don’t even own a mobile phone and don’t plan to get one. Here in France, at least outside of the cities, you rarely see people using credit or debit cards, let alone anything as technologically advanced as this. When people don’t have enough cash, they simply write a cheque still, and it’s fairly common to see an elderly person buying fruit and vegetable in the market and paying by cheque.
I think it will be a VERY long time before small cash payments disappear, and probably never.

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Mine is a pay as you go phone and that is the way it is staying. I use it to make phone calls or text, not to do any shopping. What happens if your phone is lost or stolen? I assume it is linked to your bank account and it’s another type of debit card. Banks can’t make normal ones safe now so there is not much hope for the new ones.

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Wow. WOW. W O W…….Arn`t you just stunned by all these advances in technology? ?? ??? – If I have read the article correctly all I need to do is to sellotape my Barclaycard to the back of my £25 Nokia on my Asda payg phone and – hey presto I have got the same thing and it costs me nothing. I wonder if I could just cut out the chip and put that inside the phone?One thing confuses me though. If the purchase is over £15 just how do you squeeze your phone into that little slot at the bottom of the Chip/PIN terminal in the shops?

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i dont have a mobile phone, never will. dont use internet banking either as its so insecure.

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