NFC technology has lost its charm for RBC

Royal bank of Canada (RBC) mobile commerce platform

The Canadian bank is already looking to introduce cloud based transactions within the country. Though RBC and CIBC – two of the major Canadian banks – have already rolled out mobile payments services based on NFC technology, it seems that this trend may not have caught on fast enough for Royal Bank’s taste. Though the tech has barely had the opportunity to get off the ground, the bank is already moving on to something else. RBC has made an announcement that suggests that NFC technology may already be on its…

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McDonald’s and Paybox team to test new mobile payment system

McDonalds mobile payment system

Cloud-based mobile commerce Fast food giant McDonald’s has announced that it will be participating in a new NFC-based mobile payment system this year. The company will be working with Austrian telecommunications companies A1 and Paybox Bank. These two companies have designed a new mobile payment system that is based on cloud-computing. Most other payment systems make use of microchips and PIN technology. Paybox believes that a cloud-based system would be much more secure and more intuitive to use for consumers. As such, the company has launched a campaign to test…

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