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Would you trust a phone to spend your money?

By Duncan Graham-Rowe

14 June 2003

A CONSORTIUM of the world’s top consumer electronics firms, mobile networks and broadcasters are funding the development of cellphones that will spend money on your behalf. The consortium, called Mobile VCE, includes Nokia, Sony, Vodafone and the BBC.

It might sound like a bankruptcy waiting to happen, but software engineer Nick Jennings is supremely confident the phones will not mess up anybody’s life. Jennings’s team at the University of Southampton in the UK are developing programs known as software agents for the consortium. “I see the artificial agent as more like a butler-type character,” he says.

The agents, which will…

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