News - ARM and NXP aim to replace your wallet with your phone

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Data security technology coupled with near field communication could revolutionise the way we shop and bank.

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Awesome idea, which will unfortunately be fudged with bickering and capitalist monopolising morons.

Nice idea, but holding all that important data on your phone, something that most people replace every 12 months anyway??

And not to mention it's potential hackability, no matter what the manufacturers like to say. It's only a matter of time, like chip & pin, before it's cracked bigtime.

So... It's the Mobile FeliCa system, which has existed in Japan for 6 years now.

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Originally Posted by 0iD

Nice idea, but holding all that important data on your phone, something that most people replace every 12 months anyway??

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1 = 1 && 0 = 0?

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Originally Posted by 0iD

And not to mention it's potential hackability, no matter what the manufacturers like to say. It's only a matter of time, like chip & pin, before it's cracked bigtime.

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It only needs to be more secure than a wallet shoved down the back of your trousers.