Using Smartphones As Credit Cards - Chuangxinjia RFID Manufacturer
The two biggest mobile carriers in the
So what does this mean forus? Fast Company explains:
When the RFID system getsintegrated with a smartphone’s circuits, a whole world of possibilities opensup, including using the smartphone’s screen as a super-secure numeric pad foraccessing your PIN or even using the smartphone’s sensors as a more secureuser-ID detection system. Using location data sent over the phone’s datanetwork would also ensure greater security, as you’d know that the phone isbeing used where it says it is, and no-one’s cloned the RFID data to steal yourmoney.
It works for consumerstoo–they’d only need to carry one device to act as phone, media player, PDA andcredit card, versus having to use a modified Visa RFID card too. The phone networksalready have user’s personal data, and your payment details, and the wirelessnetwork to enable all sorts of higher-level exploits of the system.
Fast Company: “Specter ofApple Looms Over Verizon, AT&T’s Cell Phone Credit Cards Game”