The Death Of Plastic Money

How we buy stuff is about to change, out with the credit card and in with 'Gingerbread.'

Reuters: Google and the last days of the credit card

Next week, Google will release a new version of its Android mobile operating system software, called Gingerbread. Gingerbread will support near-field communication, a technology that allows the smartphone to act like a credit card. The technology relies on a chip with a range of several inches that allows wireless payment transactions much more simply and...securely than a standard credit card.