Is it the right time to pay? Don't think about - this happens automatically from now. LAKS, an Austrian watch maker, has introduced the SmartTransaction Watch. It is the first watch using the Master Card Pay Pass system, a new "contactless" payment feature that provides consumers with a fast and convenient alternative to cash for their everyday small purchases.

MasterCard? What again do they sponsor? Right - it's June already. Just 5 days until the World Cup... So:

Launched in line with the upcoming 2006 FIFA World Cup™ in Germany, the watch has been created in collaboration with Chinatrust Commercial Bank, one of the largest credit card issuers in Taiwan

With the watch you can pay everything under 25US$ - not enough for a World Cup ticket anyway... But may the right colored shirt be with you (mine is green-yellow, got it? ;-).

via CNW