As if making money magically disappear from your bank account wasn't easy enough, DeviceFidelity's new In2Pay case, which will let iPhone users make contactless transactions on Visa's payWave system, will turn you into the Dumbledore of mobile payment.
The case is being developed by DeviceFidelity and will let your iPhone play nice with the company's existing In2Pay microSD card. You'll just wave your iPhone at any Visa payWave terminal, which can already be found at some 32,000 retailers, and voila, you've made your transaction. It will feel like stealing, but it won't be.
There are two main things that need to be in place for this to work: security and ubiquity. To the first point, DeviceFidelity says that transactions made through its password protected mobile payment app will be totally secure, generating a unique ID for every transaction. To the second, Visa says that it's aggressively expanding its payWave system to new retailers and new geographic regions.
I certainly believe the latter is true, but we'll have to wait to see if DeviceFidelity holds up their end of the bargain - they're running trials with the In2Pay iPhone case this quarter. [DeviceFidelity]