NFC technology enabled smartphones will fall short of predictions

Technology news mobile survey

Juniper Research data shows that near field communication transactions will not reach forecasts. According to the latest data from Juniper Research, previous predictions regarding NFC technology transactions over smartphones will be greater than the reality. The values of near field communication transactions worldwide is expected to reach $110 billion by 2017. This figure is notably lower than a previous prediction that Juniper Research had made, which said that by 2017, the NFC technology based transactions would hit $180 billion. According to the report, which was entitled “NFC Mobile Payments –…

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NFC technology still a possibility for PayPal

NFC Technology Mobile Payments Infrastructure

The online payments service has not given up on near field communications despite statements from eBay. Even though PayPal’s parent company, eBay, has brushed off NFC technology in the past, according to Adrian Christie, a spokesperson for the company, it has not entirely given up on it as a potential mobile payments option. Christie is the head of PayPal’s PR and communications and says the eBay subsidiary is still considering it. Earlier this year, when the results of the second quarter for the subsidiary payments company were being announced, John…

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United Arab Emirates launches NFC identification pilot project

Mobile Commerce Industry

NFC technology gets a push with new test run. The Emirates Telecommunications Corporation, the telecommunications company of the United Arab Emirates more commonly known as Etisalat, has announced a partnership with the Emirates Identity Authority (EIDA), an independent federal authority responsible for population registration. Through the partnership, the two organizations will be examining the possible uses of NFC technology for the Emirates ID card program. The duo have launched a pilot project in the UAE to collect data on how well the technology performs in this manner and whether or…

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The NFC Forum expands accessibility of the N-Mark symbol

Mobile-Commerce

NFC Forum News The NFC Forum, a non-profit association that works for the progress of NFC technology, has announced that its N-Mark symbol is growing in popularity. The N-Mark was introduced in late 2010 and serves as a special marker for certified NFC-enabled mobile devices. The NFC Forum has worked to standardize the symbol in an effort to provide some stability to the emerging industries of mobile commerce and NFC technology in general. Due to the rising demand for NFC-enabled devices and technology, the organization has decided to expand the…

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MacKay Meters and UIC team to bring NFC technology to parking spaces

Mobile Payments in Parking Lots mobile commerce

New ways to included NFC technology   MacKay Meters, a manufacturer of parking meters, has announced a partnership with the Uniform Industrial Corporation (UIC), a company specializing in electronic commerce and data collection. The partnership will be focused on bringing contactless payment systems to MacKay’s parking meters around the world. Both companies will be developing and implementing NFC technology for MacKay’s Guardian SOLO meters. These meters already accept various forms of payment and MacKay believes they are the best candidate for a new NFC-based payment system. NFC technology is getting…

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ROAM Data unveils the world’s first universal NFC and magnetic card reader

NFC Swipe

ROAM Data, a developer of mobile commerce platforms, has announced that it has created the world’s first universal card reader that combines NFC technology with magnetic strip recognition. The reader, called NFC Swipe, is compatible with any mobile device and is designed with mobile commerce in mind. The NFC Swipe will allow consumers to make purchases using a credit card or anything that is NFC-enabled. In fact, the platform can turn nearly any electronic device, including a PC, into a mobile payment system. ROAM Data believes that the NFC Swipe…

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Berg Insight study shows that NFC-enabled smart phones sales will jump to 100 million this year

NFC Technology

A new study from Berg Insight, a market research and analysis firm based in Sweden, paints a bright future for NFC-enabled smart phones. The study suggests that sales of NFC-enabled smart phones will jump to 100 million this year, up from 30 million in 2011. The rapid adoption of these mobile devices is likely due to the growing popularity of mobile commerce. NFC smart phones can be used as mobile payment devices, enabling users to make purchases without having to use physical currency or credit card. The technology is not…

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Microsoft registers new NFC Tap and Do trademark for Windows 8

Microsoft mobile secrurity Outlook app

Technology giant Microsoft seems to have plans to enter the arena of NFC. The company has applied to register a new patent for its upcoming Microsoft Tap and Do initiative. According to the application, the trademark will be used to cover all of the company’s products that make use of NFC technology. This includes hardware, such as computers and mobile devices, as well as computer software. While this has implications for Microsoft’s long-term goals with technology, one of the mark’s immediate uses may be with the Windows Phone 8. The…

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European Commission to determine whether mobile commerce project from the UK can proceed

M-Commerce Industry

Regulators with the European Commission, the legislative arm of the European Union, are determining whether to grant approval for a mobile commerce project from the United Kingdom. The project has been dubbed “Project Oscar” and is a joint venture amongst three of the UK’s largest telecommunications companies: Everything Everywhere, O2, and Vodafone U.K. The project seeks to promote mobile commerce through the spreading of NFC technology and mobile devices. The companies also want to build a system that would store the financial information of consumers so that this information is…

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WestSummit announces new investments, targets mobile commerce for future growth

Mobile Commerce Future

WestSummit Captial, a technology investment firm based in China, has announced that it will be investing in projects from Union Optech, an optical lens manufacturer, and INSIDE Secure, an NFC technology provider from Europe. WestSummit has extensive history in investing in growth stage technologies, powering their progress and making new products ready from commercialization. The company believes that its latest investments will be beneficial for the technologic ecosystem of China, especially as the country becomes more interested in mobile commerce. INSIDE Secure has been a leading developer of NFC technology…

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WiST unveils new sensor technology that could bring more security to mobile commerce and other industries

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As mobile commerce continues to grow in popularity, more technology companies are working to create new security measures for the industry. WiST, a wireless technology firm, has unveiled its latest sensory tracking devices that use NFC technology. The company claims that these new devices could improve the security of a variety of different ventures, including health care services, asset management, and banking. The company says that it could also help stop rhino poaching. WiST sensors are, essentially, NFC tags. As with NFC tags, the WiST sensors can take a variety…

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