I’ve got a story in this morning’s USA Today about how cell phones will soon have credit card information stored in a chip, so that you’ll only have to wave it over a scanner in order to pay for something.
While all the experts I spoke to said this is a very secure technology, there are plenty of skeptics out there, judging from the comments the story is receiving.
I welcome the skeptics. I’m a big fan of paying with cash myself.
About Dan Fost
Dan Fost is a freelance writer in the San Francisco Bay Area whose credits include Forbes, The Los Angeles Times, The New York Times, USA Today and San Francisco magazine. He specializes in technology, but branches out into baseball and other features. Dan’s book, “Giants Past and Present,” about the baseball team, was published by MVP Books in Spring 2010. As a staff writer at the San Francisco Chronicle for nine years, he had a front row seat at the rise and fall of the dotcoms, as well as their resurrection in the form of Web 2.0. In a lengthy career in newspapers, he has covered sports, social ventures, the environment, education, police, business, and politics. He is a native of New Jersey and a graduate of Boston University. He lives in Marin County, Calif., with his wife and son.
I’m a big fan of cash as well, although since the penny now costs more than a penny to produce, I could live with the nickel being the smallest denomination of coin. Unfortunately, the state of Illinois (read: the land of Lincoln) will likely never go for that idea.
Congrats on the USA Today hit Dan. Go, baby go!