There’s a lot of talk on the Web lately about how mobile phones may replace traditional credit cards. This involves NFC (near-field communication) technology where a microchip is embedded into your phone. Then you would just wave your phone near a wireless receiver when you visit a retailer and your account information is pulled into the retailer’s system.

On one hand NFC sounds like it offers convenience. But is there another side to consider? Before you make the switch, consider some the potential benefits and concerns. read more..