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Google announced they are working on a new Smartphone that will one day have technology that enables the user to use it like a credit card. Co-developed with Samsung, the Nexus S is the latest version mobile phone to have Google’s Android software. It has short range wireless technology called Near Field Communication. This technology allows a user to read information from tags that are embedded in everyday objects.

In other words, this phone can look up prices on products by reading the barcode. Experts say this technology is just a step away from using the mobile phone as a credit card. The phone can read the tag and make a payment from the proper credit account, all without having the plastic card in their hands. At least this is what experts feel will happen. It is not able to make credit card transactions yet, but it seems Google is working towards the proper security software to make it possible. With this type of technology a consumer could stop carrying around credit cards, which can potentially be lost, stolen, or misused. The phone is rather expensive at 549.95 pounds or 35 pounds per month for a contract.

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