Source:Slashphone
Set to be launched on April 28, DCMX will offer credit limit of 10,000 yen which is about $85.00 (US). Anything over that amount requires a 4 digit password.
With the new service to be offered from NTT DoCoMo, simply wave your phone and the appropriate device will pick up and handle the transaction. transactions are to be paid on your monthly bill.
Payment via RFID has taken of in Asia, Sony currently offers a similar service and Motorola, as BigBerries reported a while back is testing the M-Wallet in the US.
Making payments via the DCMX service will earn users reward points which can be redeemed for products, services or items from participating retailers.
I would expect (in the US) the ability for minors to make purchases would be subject to guardian approval unless of course the phone is the minors responsibility.
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