But, how does it work? It’s called, “Near Field Communication (NFC), which allows two-way wireless communication between a chip inside a phone and a receiving terminal. This means that soon, if you have a phone that supports NFC, you’ll be able to not only pay for a purchase by waving your phone near a contactless reader, but you can also get instant loyalty points, coupons and rewards.” Starbucks is rolling this technology out at all its stores. And, over 13,000 taxis in NYC have been equipped with this technology. As such this technology is already among us.But, if we aren’t already reliant on our Smartphones as they allow us to make phone calls, wake us up in the morning with their alarms, take pictures, browse the web, and provide directions. They can now make payments for us. What’s next? Maybe we will be able to get rid of our keys and start our cars with a smartphone. Come to think about it I may need to make sure there isn’t an app already for that.