Your credit card is about to take the next evolutionary step

Rochester Business Journal

Apple Pay” is not how teachers are paid or a way to keep doctors away. “Chip and PIN” is not a local pub. EMV is not an online version of the DMV. They are, however, all affecting how we in the United States deal with credit cards. The way we pay for things is evolving; we are in for some massive change, much sooner than you might think. Their demise has long been called for, and may be here. Swiping to pay with your credit card? That will be mostly gone in six months. I am, by the way, intrigued and concerned. “Paper” is going away—signatures with pen on paper are going away. Mag stripes are going away. Technology will be the foundation. We take our cell phones to the gym, to the beach, places we may wish we didn’t have to take a wallet.  But my cell phone’s battery has been close to dying multiple times just before having to show a mobile boarding pass for a flight; my identity and ability to pay can’t be contingent on juice in the cell phone, let alone cell signal or Internet availability.