Credit Cards Will Go Electronic, Then Disappear Into iPhone 5

by Mercator Advisory Group 0

A clever electronic magstripe card from Dynamics is grabbing some attention through a Citi pilot and a full court PR press including a recent appearance at NYC Finovate.

But the writer gets it right.

It is a transitional product.

The future will belong to mobile phones and NFC.

It will take decades to eliminate all cards but the mobile phone as wallet and transaction mediator is a certainty.

Two bits of news chart the evolution and demise of that dumb piece of plastic in your wallet. First, it will get very intelligent. Second, it will disappear.

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