Obopay - Wireless Payment System
In January at CES, I saw how (and wrote about) Visa intends to convert your phone system into a visa card. Today, I came across another cell-phone based payment system: Obopay. The service lets you instantly send or receive money via cell phones, internet or even AIM. You can withdraw the cash at a bank or it can be charged to a pre-paid MasterCard. Check out a slightly longer overview on fiercewireless.
They claim to have signed deals with carriers (Verizon, Amp'd and Helio) to pre-load the software on the phones. The service does sound very simple and I am tempted to try.
I am still waiting to see someone pay using a phone ...