Here we go,,,, By adding convenience (allowing you to spend money faster and
eassier), promoters are s.urely certain that americans will forgot that soon
there will be absolutely no private transactions involving money.
Everything will be recorded for any lawyer or government hack to control and
take from you, just by keying in some digits. First Data is a very large
company, and I'm already reading about competing smaller compnies. This
article is over a month old, but I just found ....bobford
First Data's GO-Tags are electronic sensors small enough to transform any
device into a payment card
By Steve Hamm
With GO-Tag, First Data is placing a major bet on the fast-emerging world of
mobile e-commerce. These pea-sized chips, each with a radio transmitter
inside, can be stuck on a cell phone or ID badge to make paying for purchases
fast and easy.
The transactions are handled on the networks that First Data uses for
traditional debit and credit cards. In recent weeks it has landed several
major customers, including Blockbuster (BBI). GO-Tag takes about a second to
complete a saleāmuch faster than using a traditional credit card or cash.
"The ultimate goal is to eliminate the need for cash in our stores," says
Blockbuster Chief Executive James W. Keys.