Digg post: “Imagine waving your New York subway pass in front of the cash register at 7-Eleven to buy a sandwich. Or sending a text message to pay for items you found surfing the Web on your cell phone. Such payment methods are considered futuristic in the U.S. but are now a reality in Asia and Europe.”
I find it amazing that the U.S. financial community is not on the leading edge in regard to payment methods. Internet and mobile technology is not only making cash obsolete it is adding new markets on the way we buy and sell stuff. Japan, Korea, and even Europe are embracing new payment methods. This includes paying for stuff using your cell phone, RFID payment technologies, mobile internet payment messaging, and proximity marketing with interactive billboards to download digital content such as movie trailers.