FastTap allows a mobile phone user to pay for various things like toll charges, parking, theme park fees, etc by tapping their Nokia 6212 Classic phone  on any Touch ‘n Go points.

Whilst this is obviously aimed at providing convenience of being able to pay without using cash or credit card, I do wonder about the security issue of using a phone to make payments. I’m sure the parties have gone through stringent scrutiny to make sure it is a safe payment gateway. But I’m also concerned about the rise of mobile phone thefts because there is added value to these phones now that they are as good as credit cards or cash, not to mention the value of the phone itself.

So is this really going to be a convenience that we need, or will this pose as more of a threat to owners of the phone? I for one do not need such high tech convenience, and definitely will not be forking out extra money to buy a specific phone just to be able to pay with it. Cash and credit cards still work fine for me.

How about you?

If you’re interested to read more about this, here’s the link.

Post from: Health or Money?