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391 comments

I hope that.. (4, Insightful)

Anonymous Coward | about 3 years ago | (#36700280)

The broker for those payments isn't PayPal, what a horrible company.

Re:I hope that.. (3, Insightful)

ackthpt (218170) | about 3 years ago | (#36700564)

The broker for those payments isn't PayPal, what a horrible company.

They are idiots, run by the same idiot philosophy which drives eBay - almost no customer service.

Re:I hope that.. (3, Informative)

JDeane (1402533) | about 3 years ago | (#36700676)

I agree, I have used PayPal exactly 1 time. I honestly wish I had not. At the end of the day it proved to be a $700+ lesson.

The fraud protection is a fraud...

I am sure that people use PayPal all day long and never have a problem, but if the party on the other end of the payment is not legit forget about your money, your better off with a credit card at least then you can dispute the charges and get some results.

All the easier (-1)

Anonymous Coward | about 3 years ago | (#36700284)

for ZOG to track you.

Wallet != Money (5, Insightful)

Anonymous Coward | about 3 years ago | (#36700288)

Wallets aren't only used to carry money or credit cards.

Re:Wallet != Money (1)

MobileTatsu-NJG (946591) | about 3 years ago | (#36700624)

Easily nitpicked sound-bites serve ads.

No way (0)

Anonymous Coward | about 3 years ago | (#36700290)

I use a wallet to carry my credit cards.

PayPal. (1, Insightful)

pro151 (2021702) | about 3 years ago | (#36700292)

Is full of shit! (Can I say that here?)

Re: Learn how to post (0)

Anonymous Coward | about 3 years ago | (#36700410)

Is full of shit!

Sentence fragments are

a bitch (1)

haxwk (2268722) | about 3 years ago | (#36700642)

Subject headlines are

Re:PayPal. (0)

Oxford_Comma_Lover (1679530) | about 3 years ago | (#36700514)

[Paypal] Is full of shit! (Can I say that here?)

So long as you include the "Paypal," you can say it anywhere.

PayPal is a perfect example. (0, Insightful)

Anonymous Coward | about 3 years ago | (#36700654)

A perfect example of corruption on par with employees of Federal Reseve System. Both of them advocate the People from having full value of their currency in the form of a monetised Specie of needed metal like silver or even copper or aluminum as what Americans should start on earliest if unable to secure the more precious decorative alloys.

The only primary reason the European Union is failing is that charter is corrupt to liquidate assets rather than restore full faith and credit with the actual currency "basket." If US domestic "dollars" were used more as an secondary and otherwise inferior method of "adjusting" a trade of actual product, and thereby that currency was only used to pad that trading, then the tax revenue would fall because only US domestic "dollars" are the 2-sided private credit that is exposing Americans to taxation.

You need to think to yourself when something becomes taxable, and why US domestic "dollars" are being treated as a government-sanctioned permit that allows you to conditionally own property in a inferior title rather than Allodium fee simple of an original trade of value for value. It's that the corruption stems from the verry offices of trust where taxes are appraised to that corrupt currency that is otherwise obsolete when the People re-discover House Joint Resolution 192 to dis-charge their liabilities using a a Congress-sanctioned way-Bill. Still, the corruption remains in that you are ever elevated to the pervue of such corrupt franchising institution that ploys all walks of death onto anyone, including it's first fraud in creating their alter-ego Birth Certificate as though a contract signed by a child unable who is unable to object because they are only minutes of age outside the womb. That Birth Certificate fraud has the pressing of American Banknote Company all over it, and the more the government burns the Bill of Rights is evidence the more that the people at large should burn their Birth Certificates: if you are expected to pay the National Debt without the Bill of Rights present then you should burn the Birth Certificate, meanwhile the Public Debt sky-rockets to render dormant and fruitless the several States outside of America and the United States.

Because we all know that uis how countries are destroyed: by recognizing their sole monetary unit of value and not using it until the officers are unable to revolve their book-keeping. In not using lawful money, then the several States are crippled and that is how the United States has introduced it's overlay over America by first destroying the lawful banking of US Notes in allowing the flood of Federal Reserve Notes to control the markets.

stupid article (1)

TheGratefulNet (143330) | about 3 years ago | (#36700294)

it starts off:

As new technology emerges, one can safely assume that the days of carrying a wallet will soon end.

control-w.

who greenlighted this crap??

Re:stupid article (1)

bobjr94 (1120555) | about 3 years ago | (#36700452)

Very true, now we all have 5 or more rewards cards, half used gift cards, new gift cards to restaurants we don't goto, etc....

Re:stupid article (1)

TheABomb (180342) | about 3 years ago | (#36700534)

There's an Android app (and probably some for IOS that do the same thing for $3) that stores a scanned version of all your rewards cards. Doesn't work for the ones that they punch holes in, but it's not entirely necessary to carry all those cards (except the ones they give you for your keychain).

Re:stupid article (1)

suutar (1860506) | about 3 years ago | (#36700536)

and, once in a while, this green paper stuff.

Wouldn't big brother just LOVE this ... (0)

Anonymous Coward | about 3 years ago | (#36700298)

Fuck paypal, and fuck mobile payments.

Paypal (0)

Anonymous Coward | about 3 years ago | (#36700300)

Please, oh PLEASE someone, ANYONE, give me an alternative to PayPal.

Re:Paypal (5, Funny)

Anonymous Coward | about 3 years ago | (#36700516)

Please, oh PLEASE someone, ANYONE, give me an alternative to PayPal.

Bitcoins? :-)

Re:Paypal (1)

Parsiuk (2002994) | about 3 years ago | (#36700696)

Moneybookers?

One less thing to carry (5, Insightful)

Mitchell314 (1576581) | about 3 years ago | (#36700308)

Nice. It's a good thing I only use my wallet for cash, and not frivolous other stuff like a driver's license.

Re:One less thing to carry (0)

Anonymous Coward | about 3 years ago | (#36700538)

Oh and everyone can afford a 200 dollar gadget that goes in their pocket.

Re:One less thing to carry (0)

Anonymous Coward | about 3 years ago | (#36700700)

Or pictures... or a useful place to put those business cards you don't really want in the first place... or receipts you really need to keep in order to fill out expense reports...

I predict bulging pockets.

Re:One less thing to carry (1)

bennomatic (691188) | about 3 years ago | (#36700730)

Well, if a mobile phone can be your boarding pass for a plane, there's no real reason it couldn't be a driver's license, too. Instead of a magnetic strip it could have a bar code which would reflect a real-time, signed stamp of authenticity from the DMV's servers, which code could be read by a cop's mobile device and verified. Between that and doing a visual validation of the embedded picture, you've got something that's every bit as good as a printed license.

Maybe better; someone might loan their younger brother an ID to allow them to go to a bar one night, but they're not going to give them their mobile phone for any amount of time. And they'll notice it's stolen much, much faster.

Paper/plastic money sure (1)

supertrinko (1396985) | about 3 years ago | (#36700310)

While I never carry money any more, I'm confident I'll still be using a wallet to carry various cards, credit cards, library cards, ID's...

Re:Paper/plastic money sure (1)

slackzilly (2033012) | about 3 years ago | (#36700552)

There will come a time when all your cards will be digital. Driving license, library card, discount cards at starbucks etc.

Re:Paper/plastic money sure (0)

Anonymous Coward | about 3 years ago | (#36700600)

I prefer the wallet that is safe under my butt rather than being stored digitally in a cloud over Timbuktoo!

Re:Paper/plastic money sure (1)

PopeRatzo (965947) | about 3 years ago | (#36700628)

While I never carry money any more,

How do you pay your weed dealer?

Re:Paper/plastic money sure (1)

haxwk (2268722) | about 3 years ago | (#36700688)

Well, you see, there's an app for that.

Re:Paper/plastic money sure (2)

bennomatic (691188) | about 3 years ago | (#36700742)

Bitcoins!

Not until... (3, Insightful)

p0p0 (1841106) | about 3 years ago | (#36700312)

... they are certified as a bank, and are required to offer the same protections and liabilities as one. I've never had problems with PayPal, but I've heard horror stories of lost money and account freezes with no real hope on recovering what you lost.

Re:Not until... (5, Informative)

nospam007 (722110) | about 3 years ago | (#36700454)

"Not until ...... they are certified as a bank,"

Rejoice then.

"Commencing July 2, 2007, as PayPal (Europe) S.à r.l. & Cie, S.C.A., PayPal moved its European operations from the UK to Luxembourg. As a Luxembourg entity, it is since regulated as a bank by the Commission de Surveillance du Secteur Financier (CSSF) and provides PayPal service throughout the European Union."

http://en.wikipedia.org/wiki/PayPal#Bank_status [wikipedia.org]

Re:Not until... (0)

Anonymous Coward | about 3 years ago | (#36700734)

That doesn't help anyone outside the European Union, though. They still have free rein to do as they will outside the EU.

Funny about PayPal making a claim like that. (2, Insightful)

liquidweaver (1988660) | about 3 years ago | (#36700314)

Every conversation I've had recently about Paypal was a.) Brought up by the person I was talking with, not me b.) revolved around how much they hated PayPal, and would rather write transfer/check/trade sheep anything but use them again.

Re:Funny about PayPal making a claim like that. (2, Insightful)

DigiShaman (671371) | about 3 years ago | (#36700488)

Amen to that! Paypal can go straight to hell. I used them once, and got burned really badly. That whole ordeal still pisses me off to this day, and till the day that I die. Fuckers!

Re:Funny about PayPal making a claim like that. (0)

Anonymous Coward | about 3 years ago | (#36700598)

http:/www.paypalsucks.com/

I bought an iPod touch over eBay. It didn't work. PayPal refused to refund because it was advertised as refurbished.
I suggest that if PayPal is the only option, then i'll stick with the wallet thanks.

Just in case you missed it ;)
http:/www.paypalsucks.com/

Re:Funny about PayPal making a claim like that. (2, Informative)

MindStalker (22827) | about 3 years ago | (#36700638)

Actually you got burned by the other buyer/seller. I've used paypal for 3 years now to accept payment from clients for independent web programming. I only do business with people I trust and never had any clients attempt to charge back from me. So for me paypal has been fine, the have never been a problem at all. //I also use the paypal debit card, and not put the money into my bank so paypal can't hold payments from my bank, just from my attempted ATM withdrawls I guess, though they have never done so.

Not a chance (4, Insightful)

schnikies79 (788746) | about 3 years ago | (#36700318)

Not if PayPal is the middle-man.

Power of suggestion (1)

gottspeed (2060872) | about 3 years ago | (#36700320)

"Pay-Pal predicts that by the year 2015 everything will be purchased on E-Bay and people will decide to stop buying and selling things privately" Get a grip. The audacity of these corporations is hilarious.

Re:Power of suggestion (1)

mr1911 (1942298) | about 3 years ago | (#36700526)

Yes, but their marketing piece would not have gotten so much attention if they stated "by 2015 we are hoping that a few more people will actually use Paypal".

Re:Power of suggestion (1)

gottspeed (2060872) | about 3 years ago | (#36700542)

Touche

Cash is not going away (2)

justsomecomputerguy (545196) | about 3 years ago | (#36700326)

Cash will ALWAYS exist. Whether out of the desire for anonymity, the convenience or the underground economy.

Re:Cash is not going away (0)

Anonymous Coward | about 3 years ago | (#36700368)

Yes, avoiding the tax man is a very important requirement.

mobile payment methods (2)

flohuels (1920394) | about 3 years ago | (#36700328)

Isn't a traditional wallet a 'mobile payment method'?

And pigs will also all be airborne by then (0)

Anonymous Coward | about 3 years ago | (#36700330)

Keep on dreaming your wet dreams Paypal. No one will want to use mobile payments for "recreational pharmacy" purchasing, and Im sure other scenarios also apply.
Also, who trusts the telecompanies with their money? They have shown themselves to be somewhat lacking in the trustworthy department until now.

Re:And pigs will also all be airborne by then (1)

nospam007 (722110) | about 3 years ago | (#36700470)

"Also, who trusts the telecompanies with their money?"

Yep, banks are a lot more trustworthy.

Re:And pigs will also all be airborne by then (2, Informative)

hairyfeet (841228) | about 3 years ago | (#36700646)

If you use a little bank instead of a mega bank? Then yes they are.

I use my debit online often simply because I have a great bank and don't have to worry, because if anyone overcharges or double dips I just walk in and go "Hey Karen guess what? Somebody double dipped when I bought a part online" and she'll go "Ooooh don't you just hate that? My husband bought some tools online last month and that tried that, that's so irritating! Here just let me bring this up...is it this one where there is two back to back? Okay just let me type this...voila! your money is back where it belongs!" and I thank Karen and go on about my way.

So yeah you can find trustworthy banks out there, it just takes a little more work. I can't use ATMs in most places without paying the fee since my bank is a little local shop, but having hassle free banking with friendly folks is worth it to me. It is also nice to go into a bank and have them know you by name and ask about your family, and treat you like a person instead of a walking cash register.

As for TFA after getting burnt by Paypal if I had to trade in goats heads and cheese instead of money to keep from doing business with that bunch of scammers I would. every person I've talked to has been burnt at least once by them and got basically told "We got paid so fuck right off" and promptly ignored. Not if they were the last source of money on earth and were giving away hookers and blow with each new account.

Scott Thompson, President, PayPal (3, Funny)

Spy Handler (822350) | about 3 years ago | (#36700336)

instead of wallets, he thinks everyone will be carrying man-purses like him by 2015

Re:Scott Thompson, President, PayPal (-1, Offtopic)

ThatsMyNick (2004126) | about 3 years ago | (#36700466)

Mod up, I just spend all my mod points!

Re:Scott Thompson, President, PayPal (3, Funny)

Hylandr (813770) | about 3 years ago | (#36700582)

We already do carry man-purses. We call them laptop cases.

- Dan.

Re:Scott Thompson, President, PayPal (1)

PPH (736903) | about 3 years ago | (#36700562)

Well, I carry all my cash, cards and ID in a fanny pack holster.

no one CARES what paypal says (4, Insightful)

TheGratefulNet (143330) | about 3 years ago | (#36700342)

no one respects paypal, no one trusts them. they won't come clean and be a proper bank (and I use the term 'proper' very loosely).

who the hell cares what some microblog says about what paypal thinks? news flash: greedy ceo's dream of taking over the world. film at 11.

crap article to create panic (and page refreshes). this really should have been filtered, slashies.... please do a better job picking the greenlit articles next time.

But will it end Man Purses (2)

KingBozo (137671) | about 3 years ago | (#36700356)

Yep, an my employer will still require receipts for expense reports. Now it 2015 wallets will be gone and I will have to carry a damn man purse.

Better buy a stock of wallets to have a supply after 2015.

I hope not... (2)

SoundGuyNoise (864550) | about 3 years ago | (#36700362)

You're on line at the supermarket, and the little old lady in front of you with her eggs and cheese is asked for her loyalty/discount card. Do you think she'll be faster pulling out a piece of plastic, or navigating through her mobile phone from menu to menu to app to option? And the same again if she's paying by credit card.

Credit/debit payments are gaining a foothold, but it's going to be a loooooong time until we even consider a cashless society.

And there's few things more enjoyable than giving real cash to a little niece or nephew.

Re:I hope not... (1)

geekoid (135745) | about 3 years ago | (#36700596)

If ti's anything like my mobile phone, she will just need to hold it up against the scanner on the 'card swipe'. She won't have to go looking for anything.

Giving fake cash to a niece and nephew and watching them realize it's not a real 100 is even more enjoyable~

Re:I hope not... (1)

Technician (215283) | about 3 years ago | (#36700668)

Instead of PayPal.. I think the mobile phone payment system may get some traction. Even vending machines at work have that option now.

If you are one to give any credence to biblical prophecies, the chip in the cell phone will be moved where it can't be lost of stolen. It will be placed in the hand or forehead. After cash no longer exists, nobody will be able to buy or sell without the ID. It will be referred to as the mark of the beast.
http://www.cbsnews.com/stories/2004/07/22/tech/main631231.shtml [cbsnews.com]
Vending machines at work and the ticket booth at the local cinema has this up and running now. It is NOT Paypal. Paypal will be toast unless they change.

Re:I hope not... (1)

John.P.Jones (601028) | about 3 years ago | (#36700680)

The only way this would happen is if the phone uses NFC and they just have to swipe the phone to a reader without 'unlocking' the device or navigating windows. The communications would then automatically agree on the loyalty card discount and payment info without user interaction. The screen at the reader would then show a simple confirm or deny dialog (no signature, the phone will provide a digital signature) and a receipt will be sent to the phone.

"It's the future!" (1)

BK425 (461939) | about 3 years ago | (#36700370)

Yes, and a jetpack in every domehome.

I think the mob will have a thing or two to say (0)

Anonymous Coward | about 3 years ago | (#36700382)

How does PayPal propose that I buy my illicit drugs and other contraband?

Riiiiiiiiight (0)

Anonymous Coward | about 3 years ago | (#36700388)

"...one can safely assume that the days of carrying a wallet will soon end"

how, exactly, do _you_ "safely assume" this?

"PayPal believes that by the year 2015, no one will be carrying a wallet anymore"

PayPal believes it?! well then it _must_ be true. I mean, if paypal believes it, then certainly NO ONE can doubt that Paypal/e-payments are a surefire, secure, rock-solid replacement for one's old timey personal cash-monies-carrying means -- especially those currently 40+ years of age, they'll just eat this up. /saracsm

Pure conjecture. Yes, the trend is toward increased e-payments -- nobody doubts that. But to claim that everyone will leave their wallet at home within the next 4 years?!

how the HELL does this crap make it past the editors? /rant

Re:Riiiiiiiiight (1)

camperdave (969942) | about 3 years ago | (#36700566)

Paypal is right. I hardly ever carry a wallet. I just put it in a device called a back pocket (conveniently built into my pants), and the wallet is with me wherever I go. The times I need to pay someone while not wearing pants is nigh on infinitesimal.

They have been saying that since the 70's (1)

bobjr94 (1120555) | about 3 years ago | (#36700390)

Great for card processors who get money from every transaction, bad for businesses especially smaller ones with a high volume but low $ transactions (like coffee places)

Re:They have been saying that since the 70's (1)

geekoid (135745) | about 3 years ago | (#36700616)

It just becomes a sunk cost. Basically your coffee will be 25 cents more, regardless of how you pay.

In some places, the cost is already sunk into the price.

Economy == Wallet (0)

Anonymous Coward | about 3 years ago | (#36700394)

The end... by 2015?

At the rate things are going, they may be right!

I dont carry my money (1)

floydman (179924) | about 3 years ago | (#36700402)

in a wallet, and I dont have a wallet.
I must be from the future, where ppl carry dont have wallets.

I am sry, but what kind of forecast is this!!

Re:I dont carry my money (0)

Anonymous Coward | about 3 years ago | (#36700432)

Do you stick it up your arse?

Re:I dont carry my money (0)

Anonymous Coward | about 3 years ago | (#36700496)

Whoosh!

Good thing (1, Informative)

pjbgravely (751384) | about 3 years ago | (#36700420)

It's a good thing I use a money clip then. I will never have anything to do with Paypal, in fact I no longer buy anything on ebay becouse everything seems to be Paypal only.

PayPal predicts (2)

taustin (171655) | about 3 years ago | (#36700422)

That PayPal will become the indispensable service without which, you will die, your children will be eaten by wild animals, and hellfire will rain down from the heavens.

Are they planning an IPO or something?

In other news... (3, Insightful)

BinarySolo (1951210) | about 3 years ago | (#36700426)

Maker of a technology predicts said technology will become ubiquitous.

Re:In other news... (1)

mevets (322601) | about 3 years ago | (#36700468)

Amazing, isn't it. Can you imagine how embarrassing it would have been if they paid for a comprehensive study and it showed the opposite? It would be, like, so I guess we don't have much of a future in this line of business.....

That is one of the efficiencies of business - they knew the risk of a study giving the wrong result; so they saved money on studying the issue and went with a simple marketing campaign.

I'm doubting it (1)

Just Some Guy (3352) | about 3 years ago | (#36700460)

Wallets predict the end of PayPal by Square (and any other credit card processors who make it easier to accept credit cards than deal with PayPal's nightmareishness).

Wallet believes.. (2)

tompaulco (629533) | about 3 years ago | (#36700462)

Wallet believes that by the year 2015, no one will be using Paypal anymore.

Bull (4, Insightful)

BlueCoder (223005) | about 3 years ago | (#36700474)

Never Gonna Happen

The illegal market depends on cash too much. If they took away cash people would start carrying around platinum, gold, silver and copper coins again as well as having funds deposited in foreign currency and the US government won't let that happen. China will go paperless long before the US does.

Re:Bull (0)

Anonymous Coward | about 3 years ago | (#36700750)

Never mind criminals... what about the impoverished?
A large minority of the North American population doesn't have access to the kind of technology required for them to switch to paperless transactions.
Paper money is usable by all, regardless of means... everyone from the CEOs of major corporations down to the homeless dumpster divers. Electronic transactions may be fully adopted by some, but there are a lot of people for whom it isn't even an option.

No, not even close. (1)

Anonymous Coward | about 3 years ago | (#36700476)

A wallet is used for more that just money and credit cards. There are driver licenses, club cards, insurance cards, even pictures.

In the sprit of the article, lets keep to the money theme:

1. Most people do NOT have a smart phone.
2. In 2015 there will still be billions of people worldwide without computers, bank accounts, credit cards, or smart phones. Or wallets or pockets for the wallets. Cash is king.
3. Cash will not disappear by 2015.
4. As a world traveler I cannot consolidate to a single credit card that is accepted in all places and by all ATMs. There are other problems that have to be fixed first.
5. Local governments and policy makers are too slow. Not every country can adapt by 2015.
6. Local infrastructure takes too long to change.
7. The first security breach will set it back years.
8. Competing standards. See #4 for an example.
9. Mobile roaming charges too expensive or unavailable.
10. I cannot live without cash. I am close, but cash as a backup, esp. when traveling worldwide is a very good backup have. Years after the credit/bank/debit card, cash is still used in every country. Until you can eliminate cash, you'll never lose the wallet.

Where will I keep my ID? (1)

wjcofkc (964165) | about 3 years ago | (#36700480)

Sorry officer, my drivers license is in the cloud which is currently undergoing an unscheduled upgrade. As soon as I get an email that it's available again, I will be sure to let you know.

Not as long as people are people. (2)

copponex (13876) | about 3 years ago | (#36700500)

You can't buy sex or drugs and keep it a secret without cash. Good luck.

TFA is trolling us! (1)

munozdj (1787326) | about 3 years ago | (#36700504)

Beware! On behalf of everyone I know, I say: Yeah, right.... There's nothing to see here, move along

That is absolutely retarded. (1)

The Hatchet (1766306) | about 3 years ago | (#36700510)

Yea, because everyone has a mobile phone that has mobile payment application abilities, and nobody carries their drivers licence, library card, business cards, insurance cards, personal photos, etc. Dumbasses.

Re:That is absolutely retarded. (1)

slackzilly (2033012) | about 3 years ago | (#36700614)

To pay for your purchase send SMS with the word PAY followed by amount to XXXX

One word. (1)

PPH (736903) | about 3 years ago | (#36700518)

Condoms.

How myopic (1)

geekoid (135745) | about 3 years ago | (#36700520)

I still need my DL.
That said, I would love to only need it for that. In fact, I would love to not need a wallet at all and have it all in my smart phones.

2016: The Return Of The Wallet (1)

cmholm (69081) | about 3 years ago | (#36700524)

Given the existing weak links in the electronic retail financial chain, and the added weak link of a cell phone, I suspect wallets will make a big come back after a goodly fraction of the mobile payment system users get their checking account cleaned out and/or their debit account treated as someone else's personal piggybank.

The funny thing about the mobile wallet (1)

jader3rd (2222716) | about 3 years ago | (#36700530)

What makes me smirk every time I hear the phrase "mobile wallet" and how it's new and revolutionary, is the fact that my wallet currently is mobile. My wallet is smaller than my smart phone and goes with my everywhere. My wallet and has never been not mobile. (Appologies for the double negative)

But cash is kinda useful (1)

91degrees (207121) | about 3 years ago | (#36700548)

handing over a handful of notes is really quite efficient. You don't need any other technology or network connection or anything, don't need to type anything in, and the "hacks" or nearest equivalent (picking pockets, and so on) are well understood and so can be guarded against easily.

What identity does a phone have? (1)

Sipper (462582) | about 3 years ago | (#36700560)

A lot of people drive, and if you do then you have to carry your Drivers License and vehicle Registration.
It's also a darn good idea to carry your health insurance card in case you're injured and unable to respond.
If you're an Amateur Radio operator, you're supposed to carry your Ham license with you.
And then there's credit cards, business cards, etc.
Sadly, I still think we need a wallet and/or a purse.

Considering the technology, paying by phone is a bit crazy because there's no way to verify the owner. A credit card has a signature on it, and some come with a photo on them. What do you get on the phone? If there's no way to even vaguely catch fraud and identity theft, then how is paying by Phone supposed to become ubiquitous? Is FRAUD also supposed to become ubiquitous?

Nothing in the story covers this. Until someone comes up with a solution for this, I'm not even vaguely interested in Payment By Phone.

2015? Who carries one now? (0)

Anonymous Coward | about 3 years ago | (#36700574)

All I carry around is a credit card & a bit of cash. Maybe a work ID too. Driver's licence stays in the bike jacket. Haven't had a wallet for over 20 years.

What the hell do all your George Costanza wanna-be types put in there anyway?

Uh-oh! (1)

John Pfeiffer (454131) | about 3 years ago | (#36700594)

So I have 4 years to buy a cellphone, huh? D: It's a good thing I don't use my wallet for identification or anything!

Um... (1)

AngryDeuce (2205124) | about 3 years ago | (#36700606)

I haven't carried a wallet in 10 years. Money clip is all you need, really. What do you need besides your license and a couple credit cards? Why carry all that crap around?

It's not just criminals (1)

grizdog (1224414) | about 3 years ago | (#36700622)

Criminals will not want to use e-money, but I think a lot of people will get creeped out when they buy something, and 10 seconds later they are texted a coupon for a store next door, for something they were Googling about last week. Don't get me wrong - some people will absolutely love that. But not everyone will. I wouldn't, which is why I intend to keep carrying cash.

One can safely assume this? (0)

flimflammer (956759) | about 3 years ago | (#36700636)

Yeah, the one who wrote the article. Everyone else has some goddamn sense.

LOL (1)

aaaaaaargh! (1150173) | about 3 years ago | (#36700644)

Wishful thinking is the driving force of e-commerce.

Penny, Dollar Bill, Checks, etc... (0)

Anonymous Coward | about 3 years ago | (#36700662)

Are these the same people that keep predicting the end of the penny, dollar bills, checks and just about everything else other than their method of payment?

Consider the source. PayPal makes more money each time someone decides to not use the systems that are already in place and seem to work well. The market obviously likes the current ways, because they have been trying to get rid of the penny since the 70s and it's still here.

I can't believe that no one pointed this out yet. (1)

cualexander (576700) | about 3 years ago | (#36700674)

Cash doesn't require batteries! You can have all the money in the world sitting on a website, but when the phone goes dead, guess what, so do you chances of paying with Paypal mobile app. At least your debit card can't go dead. I don't want to be standing on the side of the road somewhere, trying to beg people for a charge so I can pay the tow truck company. No thanks. You are pretty much SOL at that point.

yeah, but.. (1)

orange47 (1519059) | about 3 years ago | (#36700690)

by 2015 mobile phones will be small enough to carry in wallets..

Use Paypal But Wash Afterwards (0)

Anonymous Coward | about 3 years ago | (#36700702)

Which will be bad for the phone. So I'll stick with a wallet.

...and the end of wikileaks (1)

nightcats (1114677) | about 3 years ago | (#36700714)

Paypal says wikileaks should be gone even earlier than that!

My wallet doesn't require batteries (1)

HockeyPuck (141947) | about 3 years ago | (#36700728)

My credit card and cash don't require internet access nor batteries to work.

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