New York Transit begins iPhone as wallet trials

[youtube http://www.youtube.com/watch?v=of2GBIqP9eA&fs=1&hl=en_US]

Look I’ve been bleating on ad infinitum about how your iPhone will one day be your wallet — now over at the real world, New Yorkers may soon pay for their travel fares with a flick of their iDevice.

Visa has just launched a new pilot scheme in which New Yorkers can pay for subway, bus and train fares with their iPhone.

New York City Transit, NJ TRANSIT and the Port Authority of New York and New Jersey are participating in the pilot program, Mashable tells us. As part of the program, Visa is testing both payment cards and Visa payWave-enabled smartphones.

Visa is also working with Bank of America to bring smartphone payments to retailers in New York City.

I’m won’t get into the pros and cons of the so-called ‘cashless society’ this takes us one step closer towrd. Nor will I get into the implications of paying for goods or services using devices capable recording in great detail the who, where, and why of the experience. Just think of the convenience. And don’t lose your iPhone.