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There are many trials prior this latest one from Mastercard, where they're engaging another PayPass that uses same old Near Field Communication (NFC) technology. The trial said to run from August 2008 to November 2008, full info can be read on Mastercard's FAQ page.
One thing that stills catch my attention is their attempt to promote the security on PayPass: "Thanks to special security technology, contactless payments are as safe as traditional card payment transactions. PayPass enabled mobile phones must be extremely close to the terminal to be read (typically one to two inches). Contactless payments also provide more consumer control, since the mobile phone doesn't have to leave your hands to be swiped by a merchant/retailer. All PayPass enabled mobile phones are protected with Zero Liability coverage for any fraudulent transactions."
Well, at least the phones are still usable. ;-p
[blogged with my Treo 750v]
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