Telecom Italia announces Z-SIM with built-in radio - Engadget - www.engadget.com

Telecom Italia announces Z-SIM with built-in radio - Engadget - www.engadget.com

This is interesting. A twist on Mobile SpeedPass, EPass, SunPass and other various automatic toll/retail payment options. Mighty handy since most of us are seldom without the cell phone, but there needs to be a way code in a confirmation mechanism or a lost phone becomes as bad as a lost wallet...maybe worse since the greenbacks are the only ready-to-spend item in the wallet so the initial loss would be no more than that. However if they indemnify the user against losses (over say an initial $50, like credit cards) then I am less concerned (which is not the same as UNCONERNED).