TTR Ep 36 - Near Field Credit Cards - iiNet supports Mac, Telstra WILL close CDMA Jan 28, Drugs Blogs and the mainstream nedia

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DATE : Tue, 4 Sep 2007 06:55:41 +1000
Entered in Database : 2007-09-03 20:55:41
length : 44556288
Link to the Show / Show Notes

Making it easier to part consumers with their hard earned money has always been high on the list of priorities of many companies. There have been many attempts over the years, but not since the arrival of the SIM based mobile phone, has this prospect become Near Field Credt Cards closer to reality. Way back in January 2007 Nokia demonstrated a mobile phone which doubled as a credit card at the 2007 Consumer Electronics Show in Las Vegas. Then, the credit card company Visa joined forces with mobile phone maker Nokia to try and make this a reality. The process of making a purchase would be to wave your mobile device over a sensor. At the time, this was dubbed Near Field Communications and would rely on the technology being accepted by consumers, retailers, telcos and banks and subsequently rolled out. This week saw another push for this technology by the National Australia Bank,Visa, and Telstra as they begin a three month trial in the Melbourne CBD involving 200 NAB and Telstra staff and 30 stores. This time the consumer’s information will be embedded in the SIM Card, the chip which contains the mobile phone account details, phone numbers and now a NAB Visa card application. It’s rumored that the stores targeted in the trial are chemists, restaurants and convenience stores. After the initial tests, the trial will be opened up to include customers of other banks Instead of having a wallet or purse full of plastic cards, you could soon have them all supported on a single mobile phone, providing enhanced security and convenience. Now while on the subject of security, this is the great unknown. At this point in time, there are no details available outlining what happens in the very likely possibilities of losing your mobile or having it stolen, nor the finer details of how the transaction actually takes place. So here we go again – another step closer to the cashless world of commerce. This week on Tech Talk Radio * Teenagers sleeping habits affected by technology * ID Fraud cost Australia Billions? * Optus turns to BPL to compete with Telstra * If you hack apples iPhone you stand to be rewarded * Microsofts vista due for its first major update in early 2008 and * Drugs, Blogs and the mainstream media

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