Another indication this week that making payments through your smart-phone is the way of the future. Visa has begun piloting a new program in New York that allows users to pay subway, bus and train fares with just a wave of their iPhones.
This follows similar instances of companies embracing smart-phone payments like Starbucks, who recently rolled out their Starbucks Card mobile App which enables users to reload their Starbucks payment cards and pay for their purchases instore through their iPhones and Blackberry’s.
The fact that the likes of Bank of America and Visa are teaming up to help companies adapt to accepting smart-phone payments suggests that it’s only a matter of time until it becomes the norm for people to use smart-phones as a payment tool. As smart-phone ownership increases, expect to see more and more companies trying to facilitate smart-phone payment.