Family Life

12.01.10 | Sarah Harnisch

 Smartphones may soon replace credit cards. Dozens of companies are preparing to release technology that would allow users to pay for their purchases with their cell phone. One California start up company already has released a computer chip that users can attach to their phone and swipe at all in-store terminals to make payments. It accesses the customer's Paypal account for payment. They predict 1 in 6 cell phone users will be able to use their phones as credit cardS by 2014.