The Spreading Digital tentacles of lifestyle | Advantage zyaada


After years of swiping that highly volatile status symbol that supplied oodles of credit to households, Visa power has finally subscribed to doing away with the cards. Starting next week ( September ’10) Visa will roll out a new payment lifestyle for subscribers on latest launch till the Holiday season gets over in December 2010 with Bank of America customers in New York. Later it will also roll the pilot with US Bancorp. Thanks Techland

Reuters reports

Customers would then “bump” their phones with point-of-sale devices in stores — actually they need only wave the phones near the devices — and their bank account data would be collected and their purchases completed.

Bank of America declined to say how many people would be involved in the pilot, and a company spokeswoman declined to comment on Visa’s involvement.

Visa spokeswoman Elvira Swanson said the Bank of America pilot was not larger than the company’s other mobile trials, but she said it could have a more powerful impact on the market than some previous pilots.

Unfortunately the pogram requires users to install new hardware on their smartphones, which does not sound like the smart thing to do for amenable users who would want to migrate to a non invasive lifestyle that does make paying and carrying digital id easy for them, no unwieldy wallets, no embarrasments at forgeting things at home / in the car.

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About zyakaira
Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

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