Pay With Your Phone? NFC 101.

It seems that MC is finally getting in on the game with NFC payments:

http://www.engadget.com/2011/06/27/exclusive-csi-virtual-mastercard-app-bringing-more-mobile-payme/

I know that for most Americans, this may seem like quite a bit of sci-fi and, what’s more, something inherently prone to security problems. But, quite the opposite, NFC is no less or more secure than providing credit card information online (in fact, with the recent spats of break-ins by notable hacking groups, perhaps more sec...