Could credit cards soon be going the way of the dodo bird? So it would seem according to new reports that state the Smartphone will soon become your wallet. Thanks in large part to near-field communication (NFC), Smartphones will be able to use a short-range radio signal to send your payment information directly to the point of sale.

Some credit cards currently allow the card to simply be “waved” over a predetermined area at the register to finalize payment. By replacing a credit card with a Smartphone, the cardholder will have instant electronic access to transmitted information including receipts and coupons. In addition to convenience, this Smartphone technology will certainly provide an environmentally friendly alternative to wasted receipt paper!

Tags: smart credit card, mobile credit cards, mobile wallet, smartphone technology, smartphone wallet, mobile credit card payment