Detailed text transcripts for TV channel - MSNBC - 20100815:14:24:00
It can work. some phones can include what's called a near field chip which you sort of wave over the payment station at the store. others you can open up an application and it shows in effect your debbed by card or credit card, the bar code, and then the store scans that and you pay that way. >> okay. this is going become widespread do you predict? >> i think it actually will become pretty commonly used. i think the penetration of these cards have the chip in them, isn't very wide yet. people are still carrying cards and swiping them, carrying loyalty cards. go to the supermarket and people pu...
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