Do You Accept Cellphone Payments?

beuges writes "In one of South Korea's latest efforts to establish itself as a technology trendsetter, the country's three telecom giants, major credit card companies and several banks have been working for a year to enable Koreans to pay for everything from groceries to petrol by cellphone."

Comments

Kool...

[MoeMoe]

It's a great idea and all but there are problems I forsee that could arise.

I used to work as a cell phone dealer, everyone wanted a cellphone after they became a fashion statement and parents were siging up for 1-2 year contracts in order to let their 9 year old children have a new toy to show off at school (like the recently releasedN-Gage for example). The problem is that if you give a child a cellphone like this, it is the same as handing them your credit card. It was rare that these parents I tried explaining the plans to cared to listen so when they got their $400.00 bill they came to me screaming. No matter how advanced the system, a phone like this in the hands of a child could cause serious problems for their parents. It isn't bad enough that going over the minutes in your plan will give you a $200.00 bill, now you have to worry about your child who wants a pony... You just gave them the ability to buy one!

The only other major concern I have would be how to incorporate a solid security system. I am sure that a PIN system will be implemented, but there are always those few foolish people who don't care to remember their PINs by heart and would rather leave it saved as a message or note in their phone. Now what would happen WHEN (not IF, dear reader) that cell phone is lost? I can't tell you how many times A DAY I used to have my customers come in (some literally in tears) telling me they had their phone stolen or lost. I could just see the mass hysteria cell phone dealers of the future would have to deal with when a customer loses one of these...