Very interesting article – this little technology is going to be HUGE. Think PayPal was a game changer in online payments? My prediction? PayPal will be the MySpace of payment systems in 3 years.
Why should you get a paper receipt for a credit card–a digital–transaction? Why shouldn’t the accounting be sent to you electronically? And what about all the data that gets recorded in the transaction: What you buy and when you bought it? Wouldn’t both the vendor and the customer be interested in that data, if you could shape and present it in ways that were meaningful to each?