[quote=desmond]I copied this on NFC (I did not know what it was)
“I can’t imagine that it wouldn’t. NFC is pretty much a “me too” thing, meaning that you need it to be competitive. Payment with NFC (Near Field Communication) is going to be huge. It remains to be seen how the cake is going to be divided among players, but I like NXPI’s position, since you certainly need the smartphone hardware.
Right now, we use conventional debit/credit cards with a magnetic strip. There are also “smartcards” that have an RFID chip on them allow the card to be updated, that is, the prepaid balance reduced. Nothing, however, surpasses the convenience of having all your debit, credit, and prepaid cards on your smartphone. Plus the many other uses NFC could have, such as bus/subway passes, school attendance apps, parking, food stamps, and general ID.
Smartphones (and perhaps smartphone-like devices with telephony as an application) will dominate our lives in a few years in a way we can only imagine now. Digimarc has developed software that allows smartphones to “see and hear”, INVN has developed motion-sensitive hardware, GLUU has “freemium” smartphone games, and everyone you can name is developing ways to buy instantly on your smartphone. MITEK has software that allows you to deposit checks with your smartphone.
The mind boggles. We are early in the adoption stage, but it will be a freight train”[/quote]
Here’s a demo of NFC using mobile payments with google wallet. It’s already available with citibank mastercard…
Basically, you wave your mobile phone across an NFC enabled payment card reader… NFC also allows one to transfer data between the two systems, so there huge potential for this moving forward both hardware and software.
Beyond using NFC for mobile payment, it also allows two people to more easily transfer data between each other (peer to peer).
Android is pushing this with the latest software versions…Also known as “Android Beam”. You can exchange your contact information or exchange pictures with someone else by placing two phones together…
(Contact exchange happens over NFC… Picture exchange actually happens over bluetooth ,because NFC can’t send that much data. But the all the Bluetooth setup is done over NFC)…
