The Mad Dash for Digital Wallets
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| WASHINGTON, DC - SEPTEMBER 21: J. Schwartz of Consumer Watchdog dresses as a member of the 'Google Track Team' in a hallway of the Dirksen Senate Office Building prior to a hearing on Google September 21, 2011 on Capitol Hill in Washington, DC. Members of Consumer Watchdog attended the antitrust hearing dressed as the 'Google Track Team' in white tracksuits emblazoned with Google's motto, 'Don't be evil,' wearing 'Wi-Spy' glasses and pretending to track unsuspecting people during the event. (Image credit: Getty Images via @daylife) |
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Meanwhile, Visa is pushing tap-to-pay phones with a wallet application designed to work on smartphones with built-in Near Field Communications. However, to date, the few smartphones in US stores that feature NFC chips work only with Google's Wallet.
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