From ABC News:
Apple Reportedly Planning Pay-by-Phone Service for Next Gen iPhones, iPads.
Get ready to retire that worn leather wallet. If some of the country's biggest tech companies have their way, all the plastic cards crammed into your billfold will soon find their way into your phone.
Apple is planning to introduce a service that would let consumers use their iPhones and iPads to purchase products, essentially turning a user's cell phone into a credit or debit card, according to a Bloomberg report.
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My Comment: Credit cards, iPhones, Ipads .... what's wrong with paper cash?
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