Wearable tech from Sony could bring mobile payments to the wrist

Sony wearable tech NFC technology

The company’s FeliCa smartcard chip is being prepared for use in smartwatches and other wearables. Recent technology news reports are now showing that Sony is looking to take part in a whole new level of wearable tech, with the creation of a chip that could allow smartwatches and other devices of this nature to be capable of contactless mobile payments. This could help to convert the wearables industry into products that are more appealing and multifunctional. An option for mobile ticketing and payments could also make the necessary difference in…

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Report claims mobile commerce industry tied to the availability of NFC-enabled mobile devices

Mobile Payments

A new report from GBI Research, a strategic intelligence and analysis firm covering a multitude of industries around the world, suggests that mobile commerce may be held back by the availability of NFC-enabled smart phones and other mobile devices. The report, titled Near Field Communication Market to 2016 – Increased Availability of NFC Embedded Handsets Key for Higher Market Penetration, covers a variety of topics concerning the progress of the mobile commerce industry and how telecommunications companies are affecting it. Notably, the report compares the various international standards governing the…

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