Friday, 28 January 2011

Credit cards redundant?

I see that technology is advancing now so that the mobile phone will in future also be your credit card.

I suppose we should drop the word phone as the mobile is now much more than that.

Apparently Barclaycard has teemed up with mobile network Everything Everywhere to form a partnership to bring the new system into operation.

Everything Everywhere includes Orange and T-Mobile networks.

Initially there will be a cap on transactions but this is likely to change fairly quickly.

So it is likely in the very near future we will only have one article to carry with us which will do everything.

Will it print cash? Doubt it but then who will need cash?

I've put a new article on the new blog John Beaumont-Online Business Thoughts so have a browse if you are interested.

Joke for today:- I rang up the phone company to report a nuisance caller. "Not you again" they said.

On this day:- 28th January

In 1807 London was the first city in the world to be lit by gaslamps

In 1547 King Henry VIII died.

In 1725 Peter the Great of Russia died.

In 1956 Elvis Presley made his first TV appearance.

John F.Beaumont

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