In a previous article we published a few days back, we talked about how smartphone payments are expected to replace cash and credit cards as the main payment method by the end of this decade. Following up, if a recent report from Reuters is to be believed, Canada is poised to be there first, as the invasion of smartphone payments is expected to commence there as soon as by the end of this year.
According to Reuters, Canada is currently the leader in developing smartphone payment methods, a title won thanks to the high number of retailers and smartphone owners that have adopted NFC technology. According to Richard McLaughlin, senior vice-president for global products [...]
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 [...]
“Make your phone your wallet” is the popular tag line used by Google to entice consumers to use Google Wallet, its digital payment system. Is “Make your phone your bank” the next step in this technological rat race?
Imagine a future where employees receive their paychecks by swiping their phones over an NFC (Near Field Communication) sensor on their way out of the office, where getting on a bus involves pointing your phone at a machine, and paying for lunch implies a swipe of your smartphone, and maybe a review on yelp.com. On the flip side, that’s also a future where late-night muggers intimidate their victims with a snarled “Give me your phone and no one has to [...]
It’s easy to get lost in the sea of Android news, updates, hands-on’s, and gadget releases that seemingly never stop. With the frenetic pace that mobile technology is advancing, it’s very difficult to slow down and look at the big picture. This is precisely why we’d like to pause for a while, and talk about the top smartphone trends that we observed at this year’s highly acclaimed Mobile World Congress. We’ve been up and running all this time, covering the latest events at MWC. But don’t you think now is the perfect time to get a bird’s eye view of the current smartphone trends? Let’s check them [...]
One thing I really hate about signing up with a two-year contract is not being able to change my phone when a new one comes out; especially if it is a lot better than the phone I’m currently locked with. With all this talk about NFC capability, it is understandable why there are so many people who are getting interested in joining this bandwagon. But if you’re like me who has to wait for another couple of years before changing your phone, what do you do?
Fortunately, Moneto has addressed an answer to us! Moneto has made near-field communication chips available to devices not yet equipped with the feature. This is by cramming it into the standard MicroSD card slot of [...]
Well, isn’t this a surprise? It looks like one of the main backers of Isis, the carrier owned mobile payment service, is finally allowing Google Wallet on its NFC phones. The truth is this shouldn’t have been a surprise in the first place. Google Wallet should’ve been allowed from the beginning, otherwise this is a dangerous precedent for carriers if they get to “vet” what kind of applications are allowed on the market. It’s especially more dangerous if those apps are supposed to compete with one of their own services.
I think NFC is a revolutionary technology, and if the whole mobile ecosystem (OS makers, manufacturers, carriers), [...]
Near Field Communication (NFC) technology has become the next big thing these days as many manufacturers are bringing the technology into many of their mobile phones. If you ever thought that NFC-enabled phones are primarily being used for wiring monetary transactions, well, think again.
While the majority of Android phone users are beginning to adopt Google Wallet as a means for wirelessly paying for their purchases, don’t you know that you can also do other neat stuff with your NFC-enabled phone like adding friends to your Facebook account? For the latter, you have the Add Friend (Facebook) app available on the Android [...]
We’ve heard rumors about Verizon blocking Google Wallet on Galaxy Nexus a while ago, and while this is as anti-competitive as it gets, especially after the new open spectrum and net neutrality rules that Google helped push, they manage to pull this off by having Google not make the app available in the first place. If the app is not available, it means they are off the hook.
There are 2 reasons why they would want to do this. The first one is the most shameless one, and it’s because they want their upcoming mobile payment app Isis, which is a competitor to Google Wallet, to become the defacto payment app for all their Android handsets. Knowing carriers, [...]
The popularity of phones that support Near Field Communication (NFC) is rapidly gaining momentum, with handset manufacturers starting to produce more and more devices that support NFC technology.
NFC-enabled devices work in tandem. The technology is similar to how Bluetooth technology works, but NFC is less on power consumption and connection interruption. The technology works like this: whenever an NFC-enabled device is close to another NFC-enabled device, it triggers the NFC sensors on both devices and allows both devices to send messages to each other.
Futuristic as it may sound, NFC devices are growing and it won’t be soon before we reach a [...]
By next year, the use of Near Field Communication (NFC) is expected to boom everywhere around the world–except the United States–according to online business magazine Fast Company.
Kulveer Taggar, one of the founders of Tagstand, told Fast Company that he observes slow adoption of NFC technology in the U.S. “We haven’t seen that much in the U.S. I’d say 30% U.S., 70% international,” said Taggar. He notes that most of the early uses of NFC in the U.S. seem to be advertising-centric, a “mix between loyalty retail and coupons,” where users use NFC to access more product/service info or to gain deals or [...]