Sorry, Your Cell Phone Is Over Its Limit

Motorola has announced plans to turn your cell phone into a credit card. The new phones will use
Near-Field Communications (NFC) technology, and the service is called PayPass. Unlike Bluetooth, wifi, or the vaporware UWB, NFC has a range measured in inches, and speeds of only ~212 Kbps as opposed to speeds of 1 to 7 Mbps for the others. The phones could be used to make payments at stores, mass transit, taxis, movie theatres, your neighborhood McDonalds, or even soda machines. For security, a password is required before a transaction can be completed. Strong resemblance to RFID. MasterCard already offers this technology built into some of their credit cards.