Mobile payments are going to become more and more popular in the foreseeable future, and we’ll probably rely more and more on smart mobile devices to pay for various things and services when out and about.
But we’re not quite there yet, as neither Google’s mobile payment system, Google Wallet, nor ISIS, the Verizon-AT&T-T-Mobile venture, are widely available on existing devices. In fact, the latter is still in development, as the three carriers are yet to offer ISIS features to their subscribers. N.ot to mention that there are plenty of other parties that are becoming increasingly more interested in mobile payment systems
But now [...]
In our fourth edition of the “How it Works” series, we’re going to talk about NFC, or near field communication, a technology that’s being adopted by more and more smartphone and tablet makers and mobile operators.
When talking about NFC use in the mobile ecosystem, you’re going to hear the term paired with mobile payments most of the time, because that may be one of its most important uses in the future. But there are other NFC uses on mobile devices you should be aware of, some of which are already available to Android device owners.What is NFC?
So you know what NFC stands for, but what is it really about and how does it work? Near field communication, is a [...]
Cash? Forget it. Credit cards? How dated. More than two thirds of technology insiders believe that paying with smartphones will overtake both credit card payments and cash payments by the year 2020. Incredible as it may sound, Near Field Communications (NFC) technology is expected to build enough inertia over the this decade to cement its role in our daily lives. Is this possible? Read on. Governments love this stuff!
The survey – conducted by the Pew Research Center and Elon Univeristy – noted that most companies already involved in financial services market will try to resist the shift towards NFC technology to avoid losing market share. That [...]