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CNET News - No cash? Festivalgoers can pay with their phones

2014-08-27
with around 100 bands playing on multiple stages at San Francisco's three-day outside lands music festival you don't want to miss a beat but at some point you do need to eat some festival goers skip the 8am lines and never worried about digging out cash or losing their wallets instead they use their smartphones to pay you to bring any cash no I never carry cash there been times where you know I forgot to my wallet and I still have my phone or I don't have any cash with me I'm still able to get whatever I want to get without any hassle payment service PayPal has been testing its mobile payment app at music festivals we're using this as an opportunity to experiment because there's so much need for technology to make people's festival going easier you're here to see the music you don't hear to deal with the hassles once you download the paypal app and Link a credit card and picture you choose a nearby participating merchant and check in confirm the order with the cashier and get an email receipt your financial information is never shared so there's nothing that's that can be hacked that goes over that goes over the airwaves it's it's your username that's it fifteen percent of the concession stands accepted paypal some even offering coupons as a vendor you know we do most about transactions in cash especially at a festival so it is a nice convenience for me I don't really have to carry thousands and thousands of dollars in loose change around because there's no real safe place to put that at the festival but widespread adoption of mobile wallets is still a ways away Nate Pollack who owns the American grilled cheese kitchen says they'll sell up to 7,000 sandwiches at the festival but only about two percent of the sales will be through PayPal PayPal is a nice convenience for those that want to preserve the greens and not a stop at an ATM every few minutes but I think it's mostly gonna be cash here despite mobile providers bringing in additional cell towers connectivity can be inconsistent that's obviously one of the one of the biggest problems when you have a congregation of so many people in one vicinity we do the best we can to mitigate that problem unfortunately we can't make the entire vessel casos right now due to due to connectivity other tech companies are banking on mobile wallets google wallet has expanded to hundreds of thousands of stores nationwide Verizon AT&T and t-mobile are backing a all its service Amazon's wallet is pre-installed in its new fire phone and Apple is rumored to be developing a mobile wallet well cash is still an option and you can pay with your phone festival organizers are hoping that soon you can just pay with the wristbands truly freeing up your hands to enjoy the music in San Francisco I'm Kara Tsuboi cnet.com for CBS News
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