Nokia Turns Phone Into Credit Card

May 14 2003 - 01:02 PM ET | In The News, Nokia, Unique
Nokia and MasterCard yesterday launched a new breed of mobile phone technology that lets people use their Nokia phones as credit cards. It's just a trial, but it sounds pretty neat:
"The phones are equipped with MasterCard's new "PayPass" payment technology that lets consumers wave by or tap MasterCard credit card-connected devices on a reader to charge their accounts, rather than swiping cards through the retailer's magnetic stripe reader." - C|Net