Or will other technology swoop in on the mobile payments market… When the topic is mobile payments, Google is quick to come to the forefront of a discussion, but as that company’s Google Wallet has been slower to catch on than some had predicted, and it is based on NFC technology, which isn’t yet available in the majority of smartphones, many are wondering whether near field communications technology is truly necessary for secure contactless payments to catch on. Many sources are starting to suggest that it could be five years,…
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Panasonic to launch a new flagship smart phone to embolden presence in European market
Panasonic is taking a bold step toward establishing its presence in the European market by announcing its new flagship mobile device for the region. Called Eluga, the smart phone features a great deal of fancy technology and built-in applications. It is also waterproof up to a depth of six-to-eight feet. The phone will have a powerful processor capable of handling most of its processes with ease. Panasonic believes that the phone will do well because of these features, but claims that consumers will come to love the phone because…
Read MoreLG upgrades smart phone with NFC capabilities, gives consumers the ability to make their own tags
Famed telecommunications and mobile technology company LG has upgraded their LG Optimus LTE Android smart phones to be fully capable of interfacing with NFC technology. The move comes as NFC grows in popularity amongst consumers. Telecommunications companies have to respond the rising demand for the technology or risk being left behind by competitors. As such, LG’s latest upgrade to their mobile platform will enable consumers to make use of NFC technology in a way that other companies do not support. The Optimus LTE will be able to recognize NFC tags…
Read MoreSequent Software develops new technology that will let almost everyone adopt mobile commerce
Telecommunications and technology companies, along with financial institutions, have been locked in a battle to establish dominance in the budding mobile commerce industry. The industry relies heavily on NFC technology, which allows consumers to make purchase from their mobile devices. Consumers have responded well, thus far, to the prospect of their mobile devices becoming a payment platform, but there is a problem keeping mobile commerce from mass adoption. The problem is that NFC technology is available only to a precious few smart phones – those equipped with microchips that allow…
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