Reading an article on RFIDs, those wonderful little things that will surely be used for everything, next year (like smart cards), I came across this gem:
"Nokia (the largest cellphone manufacturer in the world) is about to release a cellphone that incorporates an RFID reader based on the ISO 14443 standard. The combination allows callers to scan posters and stickers that contain an embedded tag and buy the depicted products with the charge appearing automatically on their next phone bill."
Nokia have experimented with payment systems before, using their cellphones to bill for carwashes and cokes. This makes a lot of sense, as the mobile phone operators have the billing, the communications, and also a secure (to them) token in the hands of the consumer.
It's also in accord with Frank Trotter's observation that the three sectors best placed to develop new payment systems are telcos, couriers and ISPs. One to watch.Posted by iang at October 29, 2004 05:41 AM | TrackBack