Bank of America testing new mobile payment system Bank of America has chosen to abandon NFC technology in favor of a new, image-based technology it is currently testing. The system that the bank is testing is designed to be a mobile commerce solution that is an alternative to NFC technology. The system seems to have an immediate appeal to retailers interested in mobile commerce as it requires them to share nothing more than a simple image with consumers. This removes the need for expensive hardware and could win the support…
Read MoreBank of America snubs NFC in favor of alternative
