Category Archives: NFC

Near Field Communication

Visa, MasterCard Offer More Mobile Payment Options

Visa and MasterCard are rolling out two Internet-based technologies so consumers can make in-store purchases without credit cards via contactless payments embedded within mobile apps. Previously, card information had to be housed on a secured area of the phone, but now remote storage is possible, with a retail or banking app on the phone retrievingContinue Reading

Apple Wins Patents That Include NFC Technology

Many industry observers believe Apple can help make mobile payments mainstream quicker. The U.S. Patent and Trademark Office on Nov. 15 published 31 patents granted to Apple related to near-field communication technology (NFC) and what appears to be a new location service that uses the global positioning system. Apple’s NFC patent covers the sharing ofContinue Reading

Gartner says NFC payments are at the peak of hype

NFC payments are at their peak, according to analysts IT research firm Gartner Inc. Unfortunately, that peak is the “Peak of Inflated Expectations” on the firm’s annual “hype cycle” report. Next stop? The “Trough of Disillusionment.” Gartner released its yearly “Hype Cycle for Emerging Technologies” report for 2011 and placed NFC payments with other technologiesContinue Reading

How mobile payments will work (FAQ)

by Erica Ogg 2011 could go down as the year of NFC. NFC, for the uninitiated, is short for near-field communication, a chip technology that, when placed in two different devices, lets small amounts of data be sent over very short distances between them. This can include credit card information, train ticket info, a couponContinue Reading

Lack of Consensus Holds Back Mobile Payments

The adoption of near-field communication (NFC) technology for mobile payments in the United States is being held up by disagreement between wireless carriers and banks over transaction revenues and who owns the customer. The dispute led to the creation of ISIS, a mobile commerce network that seeks to establish a national payment infrastructure for NFC-basedContinue Reading

RIM, Carriers Battling Over Mobile Payment Strategies

Stalled negotiations over how best to implement the promising NFC (near-field communications) wireless payment technology in Research in Motion’s BlackBerry phones confirm the age-old battle between the hardware maker and the wireless carrier is still alive and well. The Wall Street Journal reported Friday that RIM (NSDQ: RIMM) and three prominent carriers—Rogers, AT&T (NYSE: T),Continue Reading

The Future of Payments – Mobile and NFC

A growing number of small businesses are benefiting from smartphone based mobile payments capabilities. A growing number of companies including Square, Swipe It, Innerfence, Intuit and VeriFone have introduced mobile payments capabilities targeting … IDG News Service

NFC Forecasts

It is estimated that by 2014, 13 percent of all smartphones will have built-in NFC capabilities. Source: Rachael King, “Wells Fargo to employees: Leave wallets home, pay by phone,” BusinessWeek, January 4, 2011.