Nokia will be adding radio-frequency ID (RFID) chips to cellphone...
Nokia will be adding radio-frequency ID (RFID) chips to cellphones so consumers can buy products or services by passing the mobiles over readers. The first implementation is planned with Visa this year, when consumers will be able to use…
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their Nokia 3220 phones to pay for bus rides in Hanau, Germany, near Frankfurt. As a purchase is made, the phone sends encrypted data to authorize payment, for which the buyer is billed later. Consumers will register personal identification numbers with their telcos and Visa to protect against unauthorized charges if the phone is lost or stolen.