Time for our Questions of the Week - this week's questions come from Entwined Community Co-Founder, Anthony who is from Newcastle, England. Business Question of the Week: The BBC reports that by the summer of 2011, UK businesses will allow for payments of purchases via mobile phones. Customers will wave their mobile device over the contactless payment terminal, in the same way that some stores currently accept credit and debit cards by waving over a contactless payment terminal. UK mobile phone provider Orange hopes to have most services rolled out by the summer of 2012, just in time for the London Olympics. If you operate a physical location such as a store or restaurant, do you believe your customers would be interested in using this technology? Why or why not?
General Question of the Week: Would you feel comfortable using your mobile phone as a contactless payment device? Would you worry about security if your phone was lost or stolen - in essence, is it really any different from using your debit or credit card in the same way?
Photo credit: (Hardware Mag)
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