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Mobile payments using NFC technology will reach 300 million users in 3 years

06/11/201406/09/2014 John Montgallo

NFC Technology Mobile Payments Infrastructure

This data is according to a recent report that has been issued by Juniper Research regarding near field communication transactions. The new Juniper Research report has suggested that the number of smartphone users that will be making mobile payments through the use of NFC technology, worldwide, will have broken the 300 million mark by the close of 2017. This will represent considerable growth for the transactions as a whole, as well as for this specific contactless tech. To put this figure into perspective, last year, it was estimated that there…

NFC technology could be Isis’s shortfall

03/20/201403/19/2014 L. Green

Mobile payments are starting to change, already as 7-Eleven and Best Buy drop near field communication. Best Buy and 7-Eleven have now both announced that they will no longer be accepting mobile payments based on NFC technology at their cash registers, which is bad news for the Isis digital wallet. There are a number of different theories being produced to help to explain why this decision has been made. While some think that eliminating NFC technology at the checkout counters will help them to save themselves the extra cost associated…

Mobile payments contactless option to launch in Iceland

05/06/201305/04/2013 Jennifer Goula

The new program will allow merchants to accept transactions through smartphones in store. It has just been announced that Iceland will be taking its first steps into the mobile payments world, as the Valitor card issuer has entered into a partnership with the Point electronic transaction solutions provider, for a software that will let merchants accept transactions through contactless Visa cards and smartphones through PayWave. This will make it possible for consumers to leave their wallets at home and use smartphones to check out. This new mobile payments option in…

NFC technology benefits unclear to many mobile consumers

01/23/201304/13/2014 Jorge Gonzalez

CEO of mHITs has found that Australian customers aren’t sure about the advantages of near field communication. NFC technology has been making a lot of headlines over the last few months, particularly in the area of mobile payments, as many smartphone companies, transaction businesses, and retailers believe that it provides a clear advantage over the more traditional forms of paying for goods and services. According to mHITs, this benefit is not being seen by the consumer. The CEO of mHITs, the Australian SMS based mobile payments service, Harold Dimpel, explained…

Mobile payments awareness doubled this year

12/12/201212/12/2012 Jennifer Goula

Smartphone owners are beginning to learn more about contactless transactions. The results of research performed from eDigitalResearch have now been released, and they are indicating that consumer awareness in terms of contactless mobile payments is rapidly increasing. Among the participants in the study, one third have seen a point of sale device capable of the transactions. This doubles the number of people who had seen the devices in May 2012. That figure represents a massive growth in awareness of the technology and the acknowledgement of its availability in places where…