Infographic: How to Swipe Your Cell Phone to Pay for Lunch

Mobile Phones are quickly on their way to becoming the gateway to our on-lines lives, and our bank accounts. While this isnt a new story, I’m posting this infographic because each step we take towards mobile payment, is also a step closer to NFC (Near Field Communication) enabled phones and the use of NFC for marketing. The path? Well – let’s try this… Enter your local coffee shop and get on line – check in with Foursquare, send out a Tweet that you are in dire need of coffee after last night’s activities, update your Facebook status to I love the smell of Mocha in the morning, order your coffee, TAP your phone on the NFC enabled display by the counter and get an offer for your next visit, TAP your phone on the device by the cash register and pay for it, go about your day… no laptop required.

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via How to Swipe Your Cell Phone to Pay for Lunch [infographic].

I think mobile payments are the currency of the future. Why have a phone, wallet and keys when you can just have one device that does it all? Google Wallet just launched and although I have posted a graphic before on this topic, now more players are in the game.

One of the surprising types of mobile payment systems are the Closed Loop Mobile Payments. I’d think more restaurant chains would have already hopped on this. No more long lines at lunch. You enter the door and get on the app and order your food. They send your order number to your phone and you wait for it to be called out. No cashier or waiter, just efficiency.