With mobile banking, you now have even more options when it comes to spending your money.
Cash, checks, and credit cards are always an option, but mobile devices are increasingly popular. An article in USA Today points out that
"Mobile payments can take many forms..."
Mobile payments are evolving quickly and definitions of mobile change every day. You might use a mobile phone app, a card that sends wireless signals, or a plain old credit card -- but the merchant is using a mobile phone.
The USA Today article describes some of the ways you can pay, as well as hurdles to widespread mobile payment adoption. Don't be surprised to see new options come and go quickly.
Further reading:
- USA Today: When will we be paying for stuff with our smartphones? [via PaymentsNews.com]
Never reply to an email from an unknown person that asks for your help to transfer a huge amount from a foreign bank account. These are scams. Many people are already cheated by such email scam.