Cell Phones as Credit Cards? Americans Must Wait!

A New York Times reporter is writing about the technology allowing consumers to wave a cell phone or mobile device and purchase products; replacing credit cards!
The technology has been in use for some time.

For the last five years, the Japanese have bought everything from electronics to train tickets with the mobile technology!

But cell phone owners in the United States will not be able to wave and pay with their mobile devices in the near future. The many companies that must work to bring the technology to the millions of cell phone users have yet to agree on how to split the resulting revenue.