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Bluetooth ate my Credit Card (28 Jan 2000)
If there is one thing that telephone operators know how to do, it is to send you a bill! Telcos know all about charging, billing and transaction processing. The volumes of transactions in telephone billing systems are simply stunning. A long way behind, in terms of volume, are banking transactions, credit card purchases, cheque processing, standing orders, direct debits, ATM withdrawals and the like. They might be lower volume but they are big business and there is big profits in mediating a sale or purchase between the vendor and the consumer. With Credit Cards it can be 2% or 3% of the value. Now the telcos want their share of that market and the banks are powerless to stop them. The weapon in the battle for precentage on your transactions is called Bluetooth.
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