Amazon has announced a new system that lets you "pay with a phrase." I don't know about you but my phrase is going to be "free!"
The online retailer has debuted a new feature called Amazon PayPhrase, designed to let busy shoppers store their name, address, and payment information in a single phrase and pin code. Instead of entering all that data at the online checkout counter, you type your phrase and pin number when it's time to cough up the cash.
I don't get the point of this. It's no different than a username and password that you have for an account to login where all of your data is generally stored unless you don't want it stored...
Amazon to Let Shoppers Pay with a Phrase 
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