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Photos: Accenture waves goodbye to the wallet
NFC tech the future of payments

By Nick Heath

Published: Thursday 31 January 2008

The SMS is on the wall for crumpled notes and battered leather wallets as Accenture Technology Labs shows off the future of contactless payments using mobile phones.

The custom built contactless payment terminal shown here demonstrates how NFC (near field communication) and RFID technology could soon allow phones to pay for goods and services, act as travel or gig tickets and transfer money between bank accounts.

Photo credit: Nick Heath