New PayPal system allows users to make in-store purchases more easily

Photo courtesy of The Sunday Telegraph

Photo courtesy of The Sunday Telegraph

Smartphones have been revolutionizing the way we go about our lives bit by bit. And now, your iPhone or Android will soon be standing in for cash and cards if you so choose — at least if you live in Australia.

New technology, unveiled earlier this month by PayPal, allows users to make transactions in select stores without all the fanfare and hassle that can accompany it.

What users do is check into the store, much like one would with a FourSquare application. They are able to place orders and use their PayPal accounts to buy things. Meanwhile, business owners see a notice that shows the name an photo ID of the checked-in customer, in order to verify the security of the application, and protect against the possibility of stolen phones.

What kinds of advantages and disadvantages are associated with this system? How long before it will become commonplace?

This blog is sponsored by ImageGraphicsVideo, a company offering ComputerVision Software Development Services.

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