Which are you more likely to have wath you at sny given mement--your cell phone or your wallet? Soon you may be able to throw your wallet away and pay for things with a quick wave of your smart phone over an electroue scannet. In January, Starbucks announced that customers could start using their phones to buy coffee in 6,800 of its states. This is the first pay-by-phone practice in the U.S., but we're likely to see more witeless payment alternatives as something called ucar field communcation(NFC)GETS IN TO America's consumet electanies. Last Deccmbet some new smart phanes which cantain an NFC chip were introduced to the public. Already in use in part of Asia and Europe, NFC allows shoppers to wave theie phones a few inchs above a payment terminal-a contact-free system build for speed and convenience.  plan a few incees live a payment tetminal a one a few ptaht need to be worked out, like who will get to collect the profitable trunsacian fees. Although some credit card providers have been experimenting with wave and pay systems that use NFC enabled credit cards, cellphone service providers truay try to mused their way into the point of sale (POS)market. Three big cell phone service providers have formed a joinf tenture that will go into opention over the next 15 months. Its goal is"to lead the U.S. payments industry from cards to mobile phone." The other big NFC sue, apart from how paymeats will be processed, is security, For instance, what's to stop a thief from digitally pickpocketing you? "We're still not at the point where an attacker can just brush against yee in a crowd and steal all the money out of your phone,"says Jimmy Shah. A mobile security rescarcher, "Usera may also be able to set transaction timeits,requiring a password to be enteced for larger putchases. Bussiness? Keep in mund you lost your smart phone, it can be located on a located on a map and remotely disabled. Plus, your phone can be password protected, Your wallet isn't. The NFC technology can be used to  _  .
ensure the safety of shoppers collect transaction fees easily make purchase faster and smpler improve the quality of cellphones