12:00pm

Wed June 1, 2011
NPR Story

Paying With Your Smartphone, Not So Smart

Imagine using your smartphone as your wallet. Google, Mastercard and Citibank recently teamed up to launch tap-to-pay trials in San Francisco and New York. The idea is to use coupons, a store's reward card or pay for your groceries with just a few taps on your phone. Tell Me More's personal finance contributor Alvin Hall talks about the pros and cons of "smartphone wallets."