According to the UK payments association, Apacs, mobile phones will soon allow people to pay for items. The organisation believes that mobile phones are a key part of the payment revolution as the number of people using credit cards and other plastic alternatives is increasing. The next step forward is clearly contactless transactions through mobile phones [...]

More: Mobile phones to be used to pay for items

I think it is just a matter of time until a single mobile device is used to carry out tasks in our day to day lives, banking, ID confirmation, the possibilities are endless

Yep - but imagine the data invasion of privacy that would result from that.

Spam from every shop and their competitor, wherever you are.