Hi all,

FYI. Please see the link for the balnce fo the article.

Take care,

Jay

Mobile Wallet Roll Out Starts With Small Change

By REUTERS, May 20, 2011, (Writing by Roberta B. Cowan. Editing by Jane Merriman)

http://www.nytimes.com/reuters/2011/...gewanted=print

PARIS (Reuters) - Virtual wallet technology that lets people pay for a coffee, newspaper or sandwich by swiping a cell phone at a checkout is finally set to start rolling out, executives told the Reuters Technology Summit this week in Paris.

Retailers, fast-food chains, advertisers and banks are preparing for a sea change in electronic commerce as more smartphones capable of making financial transactions are released. Many say it will change the way they do business.

Near-field-communication (NFC), the technology most likely to be used in the West, is a wireless way to swap data at short range, which means NFC-enabled smartphones can pay for goods, store electronic tickets, collect coupons or swap photos.