Ring up my bill, please

Banks, wireless companies are developing mobile payment products to let consumers pay for goods via cell phone.
The New York Times

The story "Ring up my bill, please" published March 21, 2006 at 6:03 AM is no longer available on CNET News.

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[heystoopid]

If truth be known

If truth be known, so last year, goto Finland to see how it really should work!

[boristurk]

don't just ring - simply DIAL for payment

In Slovenia we have mobile payment called Moneta (http://www.moneta.si/en/).
The point is to emulate POS terminal as an old modem coupler (rememeber the first modems? :-).
You call the the processing center with your mobile phone (indentification) and place the phone to the POS terminal (authentication). The POS and Processing center "talk" and the transaction is done. That's it. Simple, fast and cheap. Your fone is really your wallet.