This was the famous question asked of Richard “Tricky Dicky” Nixon in the 1960 presidential campaign – implying he could not be trusted.
Last week when I was buying a used car, how would I know I could trust the small privately owned garage offering me a good price on a desirable car?
When the dealer suggested that I pay for the car by sending the money direct to his bank account via faster payments I was convinced - here was a man I could trust!
To really enhance the overall experience I paid on my mobile phone using the First Direct App, which was not only highly convenient but it did not cost a penny in fees or banking charges.
As if to complete my journey into the brave new world of mobile payments, I needed a new spare key cut, and when I came to pay the mobile locksmith he presented his Bluetooth Chip & PIN terminal linked to his iPhone- this was my first sight of such terminals
being used outside of an exhibition hall.
When used car dealers would rather take direct account to account transfer than cash, and mobile locksmiths are equipped with mobile POS, then mobile payments have really come of age.