Sounds cool. I hope that they thoroughly test the security of this type of product it would be sad to see it affected in a similar way that RFID chips were in the early days with very little encryption. I still wonder where Paypal is in this mix of companies working on NFC technology.
Assuming they get security on this figured out, I'm really excited to see where it can go. I love the idea of having less to carry around each time I leave the house!
Someone please remember to tell Agents Archer and Lana about this.
This is a very interesting aspect and as far as security goes it is kind of a non-factor really. Most people do not understand that first this has an are of effectiveness of 4 centimeters, on top of that it generally from what I understand asks for confirmation twice as well. It is much like buying on the internet in that first you have to put it in a "Cart" and confirm that and then confirm the final transaction as well. Either way I think this is going to be huge in the long run.
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