Pass along the Payments - (don't ever) Show me the Money 2
After being paranoid about how credit cards are controlling my life,I walk into office today and was reading Planet Debian when this blog entry by Andres Solomon struck me.It's how AS got hold of a new Debit card from MasterCard with embedded RFID technology.This is what he has to say:
" So this new card has an RFID chip? That means I don’t actually need to
swipe it, I can “pay” by just being in range of a reader? Wait a
minute, this is a Debit card; that means I’m not afforded the
protections that a normal credit card offers. "
Also RFID technology in credit cards which goes by the name "PayPass" seem to be the latest "payment trend" in plastic money.In Japan they are already using mobile phones for payment for cola and magazine kiosk's.All this is just aimed at better money flow but this just scares me, are we getting to the point in personal finance where an entity called "money or cash" will never exist ?