Mobile Payment Apps Increasing, and So May Your Debt

mobile payment apps could facilitate overspending
mobile payment apps could facilitate overspending

Buying something by simply waving a smart phone in front of a scanner is becoming the new and popular way to shop, but buying a delivery pizza, cup of coffee, or a number of other things now that Amazon.com and others want in on the trend, could cause shoppers to spend more than they would without the mobile payment applications.

A Sprint official said on Monday that the company is moving to eventually have near-field communication (NFC) chips inside its phones so they can be waved at the cash register to buy, with the bill showing up on the customer's credit card statement and not on their cell phone bill. Starbucks is leading the way, with 3 million customers using its mobile payment service since it was introduced in January.