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Can The iPhone Make Even Contactless Look Good? The Curse Vs. The Cool

Written by Frank Hayes
May 13th, 2010
Which is stronger: the curse of contactless payment or the coolness of the iPhone? Last week, Visa said it planned to launch an add-on to Apple’s iPhone that will turn it into a contactless payment device for Visa’s payWave system. Or maybe not.

The fact that Visa, along with a three-year-old Texas startup called DeviceFidelity, issued a news release and almost immediately tried to retract it is telling. Then again, the fact that Visa thinks it's possible today—in the age of Google cache and umpteen sites that seem to like publishing verbatim news releases—to take back a release after it's published is itself a very revealing statement.

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Posted in E-Commerce, Mobile/Wireless/Contactless, Payment Systems, Premium Content, RFID, Security/Fraud
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