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Author Message   Godfather Bewarse Legend Username: Godfather Post Number: 68062 Registered: 03-2004 Rating: N/A Votes: 0 Posted on Thursday, September 13, 2012 - 5:22 am:    NFC. The iPhone 5 and Passbook. Google Wallet. Square. PayPal. Every day brings news of new developments in mobile payments and mobile-pass technology. So when can we finally get rid of our wallets? Not for a long time, unfortunately — at least a decade. Even if your current smartphone is technologically capable of handling payments, passes and membership cards, and IDs, the real infrastructure will take up to a decade to get fully sorted out. For payments, especially, smartphones are taking on a lot of the functions of our wallets without fully replacing any of them. “Before all venues accept payments with a smartphone, consumers cannot ditch their wallets,” Oren Levy, CEO of in-app payment platform ZooZ, said via email. “Otherwise, I will be able to pay at one store but not at the next one. For all merchants to accept payment with a smartphone it will take at least 10 years.” http://blog-admin.wired.com/gadgetlab/2012/09/when-smartphone-replace-wallet/?pr eview=true