Twitter co-founder Jack Dorsey is hoping to pull another paradigm-altering product out of his hat. His company Square has developed a phone app that’s designed to take physical credit cards out of the purchasing experience. IPad, IPhone and Android users can use the app to select the store in which they find themselves. If the store has the corresponding app installed, then the cashier can select the customer's name and the total is automatically charged to the customer’s credit card on file. This app is currently available for free in the Apple and Google app stores.
More Here: http://news.discovery.com/tech/mobile-wallet-set-to-replace-credit-cards-110526.html#mkcpgn=rssnws1
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