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.

Read full article here: http://feedproxy.google.com/~r/fastcompany/headlines/~3/pK_JFsbqJ28/credit-cards-to-go-electronic-then-disappear-wirelessly-into-iphone-screens