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The invention of plastic cards relieved many of us with the worry of carrying cash on us, and brought us closer to the notion of a cashless society. Though the news of RFID chips coming to phones to ensure identity while making payment is a heck of a surprise. Yes, iMoney is not far away, as reps from venture capital fund of the $100 million iPhone developer ‘iFund’ checked out Billing Solutions work on one such related-iPhone technology. The mobile billing and credit card payment services company noted that the digital goods market worth $30 billion an year holds potential in making payments for physical goods. The company participated in the Under the Radar event this month, 33 other companies participated from which Billing Solutions took the first place.

The award was presented for the company’s ‘single click’ mobile credit card checkout tool-box which’s available for iPhone, Android and BlackBerry app developers. While also being available for mobile marketing agencies and publishers. Lets see when it comes out and what potential it actually holds, and whether it would be theft proof or not.