Contactless : Pay by Phone -- March 22, 2006 .. digital wallets
Ed: How much longer until it is ' pay by wave of hand ' ?
" he whipped out his cellphone. "With this, I don't have to hurry," Peek said, shortly after tapping the device against a coaster-size terminal that flashed lights and beeped as it billed his credit card account. "I don't have to stop at an ATM." He is one of about 150 consumers who can use specially equipped cellphones inside the city's Philips Arena as part of a study by a group of payment and wireless companies
"Once I'm hungry, I am going to use my phone for food," Peek said...

"This is going to happen sooner than anyone realizes," said Dan Schatt, a Celent consultant who wrote a recent report on mobile payment technologies. "Everyone is trying to capture the consumer wallet: 2006 is the year that a lot of deals are put in place, but 2007 is the year we will actually see rollouts "
http://www.iht.com/articles/2006/03/21/business/cell.php