Cell Phone

Is mobile phone replacing Debit Card or Credit Card!!!

Motorola joined with MasterCard Company to prepare the operation to establish financial transaction on cell phones. Technology is knocking at the door for consumers. The smartest way of thinking with convenient presentation.

Now a day we can hardly find a person without a cell phone and the same cell phone will help you to pay taxi fare, groceries, and even withdrawing cash from ATM machine. Later this year, a few hundred U.S. residents will be testing two such product lines made by Motorola and Nokia that use credit card Pay Pass wireless payment system. The Motorola-MasterCard phones will have “the potential to be lifestyle-changing–in essence, your phone will become your wallet, key chain and your ID,” Ron Hamma, a Motorola vice president, said in a statement.

This year nokia announced cell phone with payment software in the phone at CTIA 2008. Nokia and MasterCard launched a new breed of mobile phone technology that lets people use their Nokia phones as credit cards. Skeptics have already said that it will be easier for thieves to get the phone out of your pocket (than to steal a credit card alone) and there have also been reports of security flaws in the system reminiscent of the Pay pass MasterCard system currently available.