By Aldo Panessidi
During the Nixon administration the United States did the unthinkable and moved its currency off the gold standard. In the following decades, how we use money has continued to shift and change most notably with technology. The internet has made the world marketplace truly global and has made money again more abstract than tangible with wire transfers, online shopping, and faster payment authorizations with credit and debit cards.
This evolution of money exchange has continued with smartphones and apps. Which brings us to the pertinent launch at CES: moneto, the world’s first multi-platform mobile platform mobile wallet. Brought to us by Device Fidelity and Spring Card Systems, this service will bring NFC capabilities to any Android device such as the Samsung Galaxy S 2, the Motorola Droid RAZR and the Sony Xperia in tandem with microSD card.
The specialized encrypted microSD card has both an NFC radio and antenna that bring MasterCard PayPass technology to the gambit of Android devices out on the market. This means the capability to pay on the go and add funds to prepaid accounts with direct deposit, ACH transfer, or third party money transfer services like Western Union or PayPal.
iPhone customers also have great moneto options available to them. There is a unique iPhone protective case that will bring this same capability to iOS users sans microSD card. It is now available to iPhone 3, 3GS, 4, 4S users and retails for $80. This does include $10 in pre-loaded funds for customers to begin their fast pay adventures.
For Google Android users, the microSD card will be available in two or three weeks and be a bit easier on the wallet at $30. To take advantage of this technology, pop in the encrypted card, slap on a small NFC sticker to the inside of your battery case (this boosts the NFC signal) and transfer funds to free yourself from credit cards and make mobile payments. For Android users this also means freedom to enhance mobility and turn their device into a power tool! Discover select accessories such as; stylus & pens, micro SD memory cards, batteries, docking stations, Bluetooth headsets, data cables and glider gloves all specifically designed to make devices functionally efficient and performance rich.