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| 'Digital wallet' will transform smartphone, and how we spend | |
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| Topic Started: Mar 30 2012, 12:53 AM (280 Views) | |
| Darcie | Mar 30 2012, 12:53 AM Post #1 |
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Skeptic
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Digital wallets are on their way to replacing their leather counterparts for many Canadians within the next two years, according to retail and communications specialists. One thing it could change, for example, is your morning coffee ritual. David Robinson, vice-president of emerging communications at Rogers, envisions a Tim Hortons application that would know you always order a large double-double, track your location via GPS and charge your bank account before you’ve even set eyes on the restaurant. "Then," says Robinson, "you just pick it up in an express window." The smartphone-enabled wallet also allows consumers to purchase items simply by tapping their phone on a pad at the cash, much like a tap-and-pay credit card. Those cards only deal in transactions, but the possibilities for digital wallets could be endless. Big players such as Rogers, Visa and PayPal are backing the new technology, signaling its rise in the near future. The list of digital wallet capabilities is long. New to the city and need a transit pass? You could simply purchase a pass on your phone and go. Access cards for your office building could be there, too. Receipts would be stored in the phone, and so alleviate many of the headaches of the return line The way consumers buy alcohol or cigarettes would also change, as patrons could simply tap their phone on a pad at the cash to indicate their age to a clerk. It could even bring sweeping change to the way health-care identification works, as provincial health cards could reside on a phone in the same wallet. Test results could be emailed or explained to patients over the phone, eliminating many types of follow-up visits. Stolen, copied or forged plastic health cards would be a thing of the past. The digital wallet is a virtual representation of the real thing – except it resides in a digital device. A wireless signal known as near field communication (NFC) is at the heart of the innovation, where a chip in the device sends a signal from the phone to a payment terminal http://www.cbc.ca/news/technology/story/2012/03/28/f-digital-wallet.html Since this will save the banks money will they reduce their fees? Am I an optimist or just plain silly biggrin 04 |
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| Bitsy | Mar 30 2012, 12:56 AM Post #2 |
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Veteran Member
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My mind boggles with all this digital technology. |
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| friendshipgal | Mar 30 2012, 03:24 AM Post #3 |
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Guess everyone wants their own Trudashians
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Interesting, does this mean we'll have to get a cell phone soon ? I know that instead of printing of store coupons for Michaels or other stores received electronically, you now just show the cell phone window to the clerk who scans it from there. No paper required. I still have to print them out, but maybe eventually we'll be forced to buy a smart phone.. I do wonder about security and hackers. |
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| Dialtone | Mar 30 2012, 03:42 AM Post #4 |
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Gold Star Member
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I've carried a leather wallet for over 50 years and not having it in my back pocket would make me feel naked, so I doubt I will stop. The new smart credit cards allow the user to just wave the card over the detecter and viola, I've paid. My cell phone sits in our vehicle to be used just for emergencies, all I can do is talk on it. I can't ever see myself having to venture out with a $300 cellphone/keyboard/camera/app thingy just to pay for something. I think I'm stuck in the 90s, my 8 year old grandson has to show me how to turn on the TV when I visit their place. biggrin 04 |
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| Delphi51 | Mar 30 2012, 04:27 AM Post #5 |
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Member title
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I was just thinking that it is a bit heavy carrying the wallet and phone. Consolidation could be very good. Or an opportunity to run up the cost of convenient paying another per cent or two. |
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| Reditall | Mar 30 2012, 05:02 AM Post #6 |
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Small Star Member
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A TV commercial doing the rounds is about a little boy who kicks a soccer ball through the walls of several houses. The father is unconcerned (other than stopping more kicking) because he is using his smartphone to send instant payments for damages to his neighbors while probably thinking about the millions the youngster will make when he is old enough to play professional soccer. |
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| Deleted User | Mar 30 2012, 05:58 AM Post #7 |
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Deleted User
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I started a thread during the last month where I asked if it would become necessary to have a smart phone, as we have only throw away phones that cost us about $200 year for BOTH and use them only when travelling. Never really got an answer. This thread poses the actual question. Will we be forced to have smart phones in the future and the heavy duty fees one must pay a service provider because they will replace credit cards, bus passes, etc. with no paper alternatives? |
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| Bitsy | Mar 30 2012, 06:39 AM Post #8 |
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Veteran Member
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I don't see it happening in my lifetime, bj, but I would like to have an Iphone. |
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| pcmustard | Mar 30 2012, 07:40 AM Post #9 |
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Blue Star Member
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Were is technology going? Here is what I think. Within the next 25 years, when a person is born, a chip will be implanted in the body, preferably the hand or in the arm so it is easy to get at. This chip will react to how many times you press press a finger. 1. Pay for coffee.(and don't forget to roll-up-the-rim!) 2. Pay a bill.(receipt will be automatic to down-load on the gizzmo) 3. Make a phone call. (you will have to know where the chip is implanted, so you can talk to it.) 4. Take a picture. (you would need a gizzmo of some type to down-load too) 5. Make a purchase.(just wave your arm and viola...its paid for) 6. Access your bank account. (gotta remember your pin, and it will be a combination of the fingers you press) 7. Make a comment on WWS (haven't figured how to do this...but give it time.) And here I am still using a rotary phone. |
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| Dialtone | Mar 30 2012, 09:19 AM Post #10 |
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Gold Star Member
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I think you're right PC, but maybe there might be 2 or 3 chip implants. I hear prostitution is legal in Ontario, so with a properly placed implant chip and properly placed code reader, the transaction could be completed without ruining the heat of the moment by having to stop to actually hand over money. If a chip was in the buttock area, pay toilets would be real easy and fumbling for a coin would be a thing of the past. The concept of chip implantation in various body parts is wide ranging. biggrin2.gif |
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