Payments: Paper, Plastic or Electronic Wallet? Plastic Card or Cell Phone?

[mandy]

For years the standard question facing consumers at the checkout stand was, "Paper or plastic?"

However, the day is coming when there will be a new question: Swipe or tap? Will you tap a plastic card or your cell phone?

It's hardly the stuff of science fiction to imagine a day when American consumers will use a cell phone or BlackBerry-like mobile device to replace their wallets crammed with credit cards, debit cards and piles of loyalty cards. Yet, experts say, completing financial transactions with an "electronic wallet" remains years off because banks, credit card networks, wireless carriers and phone makers are waiting for a catalyst...

full article: http://ecommercetimes.com/story/VY1vGSTA...lity.xhtml