Would You Use Your iPhone as a Credit Card?

It was all over the news yesterday: Apple hired a new guy, and as it turns out, his specialty is mobile payment systems. Huh. From the New York Times:

As first reported by Near Field Communications World, a trade publication, Apple recently hired Benjamin Vigier, an expert in the mobile payments industry who works with a technology called near field communication.

According to his LinkedIn profile, Mr. Vigier is now Apple’s product manager for mobile commerce. Before joining Apple he worked with a company called mFoundry, developing mobile payment services for PayPal and Starbucks, and also worked on a project called the mobile wallet.

So what does this mean? Well, it could mean that Apple is planning on making the iPhone a mobile payment system, or it could just mean that Apple is planning ahead, just in case. The media thinks its the former, so let’s take a moment and think about this one. Would you use your iPhone instead of a credit card?

I take very good care of my iPhone, as does my wife. But I’ve got a friend of mine who loses her BlackBerry all the time. In the past year, she’s left it at a party at least 10 times, and in cabs another four. She’s seriously ditzy. But imagine her – someone who makes over $100k a year, mind you – losing her phone if it’s tied to a credit card?

Problem is, if you iPhone is connected to your credit card, you’d want to have some kind of password system to make sure that the card is secure. The longer the password, the more secure it is. Therefore, it would take more time to enter a password than it would to pull out a card.

That said, I’m all for this kind of system. I’d love to take just my phone with me when I go places and leave my wallet at home. But until they come up with something really cool and secure, I just don’t see it happening.

Of course, maybe Apple does. And that’s the point, I suppose.

Kevin Whipps

Kevin Whipps is a copy editor, writer, photographer and custom car builder based in the Phoenix, Ariz. area. For the past 10 years he's been building his portfolio, mostly in the automotive publishing industry. When he's not wrenching on cars, most of his time is spent discovering new gadgets and toys, and of course, using everything Apple. Whipps is also married, and has a baby boy, Kevin Whipps Jr., coming on February 7, 2010.


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  1. Wow. I just had this idea today and was looking for it on the internet. Didn’t see this article at all earlier this morning …and bam! I see this article now on the exact day when I was thinking about creating something like this because I left my wallet and ID at home and was running my car on empty. I was even thinking about the security feature to log in and out for this. Ah. Another idea gone to someone else.