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Credit Cards Are Out, Smartphones Are In!

| Filed under: Etc.

Discover and Barclays Bank are teaming up with AT&T, Verizon, and T-Mobile in a "super-secret alliance," which will give their customers access to a new technology that will allow them to buy stuff off of their iPhone, BlackBerry, and other smartphones.

Consumers will be able to "wave and pay," without needing to swipe their credit card.

With Discover currently the fourth biggest credit card company, behind Visa, MasterCard, and American Express, the company is hoping to take "dead aim" at their competitors by offering the new technology.

In fact, shares for Visa and MasterCard have already dropped since the news was leaked.

According to insiders, "this is a game changer."

Watch the clip (above) and see how this new "contactless" swipe works. Pretty neat!

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27 comments to “Credit Cards Are Out, Smartphones Are In!”

  1. 1

    This shit has been in Asia for like ever now

  2. 2

    They have been doing this in Japan for a few years already

  3. 3

    this has been everywhere outside of ths US for years
    yay game changer har har
    couldve just brought that over from japan like 10 years ago

  4. 4

    i was just watching this in an anime

  5. 5

    This is like asking to get your phone hacked wirelessly. This is not something I want on my phone. Sometime things are too convenient.

  6. 6

    the world is SURE to be ending.!

    prophecies are being fullfilled.. once PAPER MONEY is gone and the cashless system rolls in alongside the new world order.

    repent jesus is coming

  7. 7

    One more reason to steal my fucking iPhone. Thanks.

  8. 8

    this is just about the stupidest thing I've ever heard. Giving people more excuse to steal phones. making it way to easy for crooks who hack.

  9. 9

    Yeah. This has been out FOREVER in Japan.

  10. 10

    and if your phone is stolen??

  11. 11

    Yeah it's cool….until you lose your phone.

  12. 12

    Whooo congrats we finally caught up to Japan whooo aren't we just an awesomely ahead of our times country.

    Sarcasm aside the only difference being in Asia I'm pretty sure the charges go on the cell phone bill and not on a credit card, but perhaps someone else would know this better.

  13. 13

    thats really stupid IMO Why would I want to take out my phone instead of my credit card? Cause it takes one less step than swiping your card? Give me a break this world is gettng lazier and lazier soon we will all be like those people on Wall-E morbidly obease, riding in floating arm chairs and technology does everythings for us even showers us and brushes out teeth lol..Better not lose your phone or have it stollen..I bet that will increse the chances of phones being hacked/stollen. Nice.

  14. 14

    How late is the US? It's been out in Japan and stuff for quite a long time. I'll be sticking to my reg. credit card anyway.

  15. 15

    Checks, in many ways, replaced the use of cash. Checks are now less used thanks to auto-pay services and debit/credit cards. Now plastic cards will go the way of checks in lieu of technology such as this one. Eventually the loss and theft of these devices will be considered a liability, so hey!, let's just embed a chip on the person's hand so no one can steal it. And I'm sure these wonderful chips will not only permit access to our funds, but they'll also replace the need of carrying Social Security cards, driver's licenses, passports, insurance cards…all nicely integrated into one 'convenient' technology designed to 'better' our lives. Kinda scary, if you think about it. Slowly but surely it's coming.

  16. 16

    Yeah, this isn't really new. But it is new to the US.

    But what I'm wondering is what happens when you lose your phone????? People lose their phones ALL the time. Much more often than they lose their entire wallet or purse.

  17. 17

    Not only has this been in Asia for ages, but they don't even need coins or tokens for public transportation/convenience stores anymore. Just swipe your wallet/purse over the turnstile or reader and a special debit card lets you through. You don't even need a smartphone. Shit, even the lady selling vegetables in the market accepts it as payment.

  18. 18

    We've had a similar system in the UK(not on phones though) in the UK. It's called Paywave. We can use our Barcalycard or Oystercard to pay for items in this way.

  19. 19

    We have it here in the Philippines already. It's called GCash.

  20. 20

    We already have it here in the Philippines, it's called GCash.

  21. 21

    i recently found out about that when i saw an episode of personal taste its a korean drama and the guy bought his groceries with his cell and the chick was like omg u can do that..lol

  22. 22

    This is stupid.

  23. 23

    As it has been already said - this technology has been around for years (At least 7 years in Europe). But, in typical American fashion, it's new to the US, therefore it must be new and groundbreaking to the world…..

  24. exBFF says – reply to this


    um, there's nothing new about this. It's been available overseas for 15 years. If anything, it shows how far behind we are.

  25. 25

    I've been wondering how long it would take the U.S. to get on board with this. Ridiculously slow. I think they are hoping that most Americans didn't know the technology has existed elsewhere for years.

  26. 26

    This can't be secure.

  27. 27

    they have had this technology in Europe for Decades!!!