Will smartphones finally make the mobile wallet a reality?
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Sorry to trump you, but this[^] is my screwdriver.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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BobJanova wrote:
There's no way a market stallholder, roadside farm shop etc is going to make the capital investment for a magic 'electronic wallet' reader
Actually a lot of small retailers are just pulling their own iPhones out of their back pocket and letting you transfer the money with a bump.
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I look at it this way... I need to carry an ID. Even if I get a smartphone, this won't be replaced. If I'm carrying one card, it's just as easy to carry another (credit/debit card). In fact, it's better, since two cards back-to-back are less likely to bend or fold than just one, which might damage them. If I'm carrying around two cards anyway, adding a little folding money doesn't change much Since I'm carrying all of those things, it makes sense to have a container for them, so they aren't just shuffling around in my pocket... Hmm, how about a wallet? And so on... Now, metal coins, on the other hand, I could do without... Especially pennies ($0.01)... No one cares about pennies anymore. The metal used to make the penny is worth more than the penny, so it's time to retire this useless waste of space.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)I don’t like the quarters, they are too heavy. I know they are useful (parking meters, laundry, highway exact change etc.) but 6 – 8 quarters in my wallet weights much more than the entire content together with the wallet itself.
There is only one Ashley Judd and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.
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Many years ago, when I lived alone, a 12 pack of toilet roll would last over a year. After Michelle moved in, a 12 pack wouldn't last a month. When her sister came to stay with us (Came for a couple of weeks, stayed for 6 years!) a 12 pack lasted about 10 days!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
6 years? Hopefully the sister offered some form of payment for such a long stay.
Driven to the ARMs by x86.
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
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Also, how do you tip a stripper with your smartphone? Sticking your phone in her g-string doesn't seem like it'd have the same effect? Slightly off-topic, but I was in Vegas last week and I was a little disappointed to find that none of the slot machines actually take coins anymore. No coins mean no sound of coins jingling as people win (usually less than they put in) money. I kinda felt like something was lost by doing away with the buckets of quarters.
Wjousts wrote:
Sticking your phone in her g-string doesn't seem like it'd have the same effect?
I don't care how I get my tip in her g-string, so long as she doesn't give me anything to keep in return.
Driven to the ARMs by x86.
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My point wasn't about the numbers it was about the "capital investment" - there is none. A lot of people already have smartphones, and the ability to transfer money is now an app download and bump away. And anecdotally - I've seen it in 2 local mom & pops myself.
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Wjousts wrote:
Sticking your phone in her g-string doesn't seem like it'd have the same effect?
I don't care how I get my tip in her g-string, so long as she doesn't give me anything to keep in return.
Driven to the ARMs by x86.
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
and of course, if an authorized user can change the data on it, anybody can (if they mess with it enough ;P ) No system is completely secure... No matter how many pen tests they do, it is impossible to figure out every possible exploit. In my opinion, completely impractical and just tech for tech's sake (and also, smartphones cost >$200. You can pick up a wallet at your local WalMart for <$10 ;) )
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Sorry to trump you, but this[^] is my screwdriver.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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My point wasn't about the numbers it was about the "capital investment" - there is none. A lot of people already have smartphones, and the ability to transfer money is now an app download and bump away. And anecdotally - I've seen it in 2 local mom & pops myself.
ability to transfer money is now an app download and bump away and ditto for the hacker / thieves - infect the phone and all is gone - won't have to be anywhere near you to rob you blind :sigh:
Steve _________________ I C(++) therefore I am
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and of course, if an authorized user can change the data on it, anybody can (if they mess with it enough ;P ) No system is completely secure... No matter how many pen tests they do, it is impossible to figure out every possible exploit. In my opinion, completely impractical and just tech for tech's sake (and also, smartphones cost >$200. You can pick up a wallet at your local WalMart for <$10 ;) )
Hmmm, I need a new wallet - WalMart here I come :) :thumbsup:
Steve _________________ I C(++) therefore I am
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That's a subtitle I read in a magazine recently. Now, lets look at that again. Firstly my leather wallet containing round shiny metal object and pieces of paper with the queens head on them, is strangely mobile and has been since the day I purchased it. Come to think of it, all my previously wallets have also be highly mobile as has my father's, and his father's and his father's (and so on) before him. Now do I really want to use a phone as a method of payment? How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card? I think this is one of those technology-for-technology-sake situations. I think I'll give that a miss thankyou.
Steve Jowett ------------------------- Real Programmers don't need comments -- the code is obvious.
I don't know if somebody has already pointed this out, but... Yes, it is a reality! I pay for goods at the local convenience store with my phone. (Debit card function.) I pay for goods at the supermarket and clothes shops with my phone. (Credit card function.) I can get on the train with my phone. (Train pass app.) And it's not even a "smart" phone (I'm still looking to purchase an Android based one in the near future).
Steven J Jowett wrote:
How may times has your battery on your mobile failed you compared to the battery on your smartcard/debit/credit card? How many times have you dropped your phone, only for it to break compared to your debit card?
How many times have you dropped your wallet, left it somewhere, etc? If you are prone to leaving things behind or not noticing when your dropped them, you will have the same problem whatever method you take. My Ex was just like that. Not only did he leave behind his phone, forgot to charge it, lost it, he also lost his house keys uncountable times, his wallet, number of times and to top it all off, had to have his bank card replaced a number of times because they broke (god knows how!). I'm quite certain I've never lost my wallet nor my phone, and my phone hasn't run out of battery unexpectedly either (there are charge points around town, and the mobile shops will also help on that). It works. Seriously.
Almost, but not quite, entirely unlike... me...
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Which isn't that big of a deal really. That means at worst you pay $0.04 more per item. Plus many prices are $X.99 so I'm guess those will drop to $X.95 leading to a $0.04 saving on many items.
lewax00 wrote:
Which isn't that big of a deal really. That means at worst you pay $0.04 more per item. Plus many prices are $X.99 so I'm guess those will drop to $X.95 leading to a $0.04 saving on many items.
If you do it smart like here in Aussieland you will have roubnding up and down. 0.01 or 0.02 = 0.00 0.03 or 0.04 = 0.05 0.06 or 0.07 = 0.05 0.08 or 0.09 = 0.10 Not that hard really.
Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash One Fine Saturday. 24/04/2004
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I feel the same about toilet roll... 12 rolls for £5 will last about a month... whereas I can wash a £5 note and make it last 3 months
My opinions are right, and yours are wrong! (or at least that is my opinion)
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My Michelle is the same. Just today I found out she had spent £47 on a new toilet seat! I mean £47! When you think what I am going to do with it, it seems a big waste.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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I look at it this way... I need to carry an ID. Even if I get a smartphone, this won't be replaced. If I'm carrying one card, it's just as easy to carry another (credit/debit card). In fact, it's better, since two cards back-to-back are less likely to bend or fold than just one, which might damage them. If I'm carrying around two cards anyway, adding a little folding money doesn't change much Since I'm carrying all of those things, it makes sense to have a container for them, so they aren't just shuffling around in my pocket... Hmm, how about a wallet? And so on... Now, metal coins, on the other hand, I could do without... Especially pennies ($0.01)... No one cares about pennies anymore. The metal used to make the penny is worth more than the penny, so it's time to retire this useless waste of space.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
I look at it this way... I need to carry an ID. Even if I get a smartphone, this won't be replaced. If I'm carrying one card, it's just as easy to carry another (credit/debit card). In fact, it's better, since two cards back-to-back are less likely to bend or fold than just one, which might damage them. If I'm carrying around two cards anyway, adding a little folding money doesn't change much Since I'm carrying all of those things, it makes sense to have a container for them, so they aren't just shuffling around in my pocket... Hmm, how about a wallet? And so on... Now, metal coins, on the other hand, I could do without... Especially pennies ($0.01)... No one cares about pennies anymore. The metal used to make the penny is worth more than the penny, so it's time to retire this useless waste of space.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)I was just reading in the EE Times[^] that next generation NFC configurations will allow ID tags to become a possibility (of course your company will have to upgrade their sensors). The corporate world wants to get you to the point that you don't know you are spending real money. Wave your cellphone in front of a vending machine, pay for your groceries, etc. But you'll also be able to open your front door without having to fumble through your keys, that's a feature I'd love. I've reduced the number of keys I carry by re-keying the locks so one key opens the front door, back door, and the garage, but I still have keys for the cars, the office, my desk, back porch, ... I'd love to eliminate all of them. And have the ability to re-key the locks immediately should my cellphone get lost. Sorta looking forward to the one device that does it all. My wife and I just upgraded to the Samsung Focus running WinPhone 7. She is already complaining :) that she is spending too much time on it since she can run shopping apps, surf the web, text the kids and make phone calls while listening to music and viewing family photos and movies. I like the idea that I may be able to get an app together to sell that would run on one. We didn't go to the cell store to buy a Microsoft device, but since sales have been poor, they are almost giving them away.
Psychosis at 10 Film at 11
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I feel the same about toilet roll... 12 rolls for £5 will last about a month... whereas I can wash a £5 note and make it last 3 months
My opinions are right, and yours are wrong! (or at least that is my opinion)
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No. Small cash purchases are zero infrastructure. There's no way a market stallholder, roadside farm shop etc is going to make the capital investment for a magic 'electronic wallet' reader, particularly as doing so will not increase their revenue. So unless governments are going to provide them for free, cash will always remain necessary. There are also enough people who seriously espouse the sort of data recording aversion that DD mentions to ensure that cash can't be eliminated. Other forms of 'electronic money' (debit/credit cards) are more replaceable – they're already electronic devices, after all. However, there is a large amount of physical and electronic infrastructure already devoted to working with them and something new would have to be significantly more convenient to use to be worth attempting to replicate all that.
The idea is that the NFC infrastructure on your cell phone will be the sender and receiver of digital cash transactions, you won't have to buy any additional hardware and the transfer agents will make it easy to sign up so they can skimp the minuscule amounts off the transaction to make their millions.
Psychosis at 10 Film at 11
