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Your cell phone is so moneyBy Lauren Aaronson ![]() A tiny add-on chip will turn your cell phone into a credit card, bus schedule, concert ticket and more. YOUR E-MAIL ALERTS(PopSci.com An NFC chip in your phone will send your credit-card number -- stored on your phone or on the chip -- by way of short-distance radio waves. An electronic reader at the checkout will decode the number and ring up your purchase. Unlike radio-frequency identification (RFID) and other existing contactless payment systems, NFC chips allow two-way information exchange by rolling an RF transmitter and reader into one five-millimeter package. That means the chip can also take in data, such as a receipt zapped to it by a cash register or a bus schedule from a tag embedded in a bus-stop sign. You don't even have to buy a new phone. When it hits stores next spring, the miniSD-card-size adapter from SanDisk can add NFC to any smartphone with a Symbian operating system when it hits stores next spring. The first pay-by-phone option should roll out later this year, with more applications to follow.
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