Malls are dead, and money and credit cards aren’t feeling so well, either. From Somini Sengupta in the New York Times:

“‘The physical wallet, which had no innovation in the last 50 years, will become an artifact,’ John J. Donahoe, the chief executive of eBay, told me recently. The wallet would move into the cloud, and ideally, from his perspective, into PayPal. No more would the consumer worry about losing a wallet, nor about organizing coupons and loyalty cards. Everything, he declared, would be contained within PayPal. It would also enable the company to collect vast amounts of data about customer habits, purchases and budgets.  

PayPal recently rolled out a payment system at 2,000 Home Depot stores nationwide, allowing customers to pay simply by typing in their cellphone numbers, along with a PIN. It plans to install similar kiosks later this year at other chains, including a fast food establishment.

Mr. Donahoe said he wanted his company to become ‘a mall in your pocket.'”