Digital Wallets Not Yet Up To Snuff

Do you want to replace your bulging wallet — filled with credit cards, IDs and loyalty cards — with a digital wallet on your smartphone?

If so, you're not alone. A recent study shows that close to 70 percent of consumers are interested in adopting mobile payments, but less than 14 percent are actually using them.

CNET executive editor Roger Cheng joins Here & Now's Jeremy Hobson to explain why — including worries about security, and the fact the technology is not yet living up to its promise.