Article goes on about several technologies that big companies (Mastercard, Visa, Paypal, etc) are working on to make your phone the way to pay for stuff instead of using a credit card.
But that doesn’t seem to bother anyone. The thought of having a device that is constantly internet connected to have access to money and little defences…doesn’t scare people. Yes I know most cards now have RFID in them, but a good light and a small drill can help eliminate those…or tinfoil.
http://gizmodo.com/5987298/were-this-much-closer-to-replacing-our-wallets-with-phones