Friday, February 01, 2008

Swipe your Mobile Phone

You can now pay all your bills with your phone. According to FTIL director (Technology), Dewang Neralla, Atom Technologies’ product — Atom Card — and software can burn the user’s credit card data to a mobile phone, that too over-the-air (like making a call or sending an SMS).

The data would be stored in a 2-D bar code format and cannot be read even by the user, assuring security in case the handset is lost or stolen. However for making a purchase an authentication — providing the PIN — has to be made.

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