timothy from the if-you-choose-to-accept-it dept.
jfruhlinger writes "Google today announcedGoogle Wallet, an NFC-based payment system that will allow people to pay for purchases just by waving their phone across a reader. It's the beginning of a future where commercial transactions are 'frictionless' and convenient — but it's a future where every transaction can be tracked and data-mined, as Dan Tynan points out. Stores can user information about your Doritos purchases to rearrange their wares; Google could push coupons via its new Google Offers service; your health insurance company might be interested in your sodium intake."
"The algorithm to do that is extremely nasty. You might want to mug
someone with it."
-- M. Devine, Computer Science 340