Cash, Credit card... or cell phone?

According to a recent post on Bloomberg.com, Apple is planning to incorporate NFC technology into the next generation of the iPhone and iPad. NFC stands for "Near-Field Communication", and would allow the devices to send and receive information at a distance of up to 4 inches, with the goal being to allow consumers to purchase products at retailers, using only their iPhone or iPad.

This could be quite a game-changer in the way that we purchase things. Imagine yourself walking into a store, grabbing a few items, and running your phone over a reader to purchase it. If it catches on, I'm sure other cell phone manufactures will quickly follow suit. My only concern with  the technology however, is, is it secure? What happens if criminals crack the security of the protocol, and then use that to build "skimming devices", similar to what has been done to ATM machines? A bit unlikely, but worth a mention.

I do hope though, that Apple chooses to include NFC in their devices, as it would be neat to be able to purchase things using your phone, or even use your phone as an ID sometime in the future.

(Bloomberg.com)