NFC Forum introduces NFC payments solution alternative to QR codes.

NFC payments - woman with Android phone

NFC Money Transfer Candidate Specification allows for simple and secure NFC-based payment solutions. The NFC Forum, a Massachusetts-based non-profit industry association and advocate of Near Field Communication (NFC) technology has launched an NFC payments solution. The solution, known as the NFC Money Transfer Candidate Specification (NMT) has been designed as an alternative to QR code-based payments that gives payment service providers and consumers the chance to take advantage of simple and secure NFC-based payment systems that already exist worldwide. The NMT solution eliminates the need for a camera or a…

Read More

NFC technology market will continue to see growth through 2022

NFC Technology

Mobile commerce is helping keep NFC alive NFC technology has been receiving mixed attention in recent months. The technology had once been heralded as innovative and has served as the backbone of mobile commerce for some time. It has also been targeted by criticism, especially when it comes to security. Due to security concerns and the growing availability of more effective alternatives, NFC technology has begun to lose popularity. Now, mobile commerce may be the only thing driving the NFC market, but the market is far from dead. Global NFC…

Read More

China Mobile and UnionPay reach agreement on mobile commerce standards

China Mobile commerce ticketing payments

NFC-based mobile commerce may be poised for growth in China China Mobile, one of China’s largest telecommunications operators, and UnionPay, the country’s only provider of bank cards, have reached an agreement concerning standards meant to govern NFC-based mobile payments. The two organizations have been embroiled in a disagreement concerning these standards for some time, somewhat stagnating the growth of NFC-based mobile commerce. Now that a deal has been reached between the two organizations, standards are likely to be implemented on all payment systems that involve the use of NFC technology.…

Read More

Mobile commerce may benefit from new partnership

Mobile trends Commerce Apps on smartphone

New partnership could ignite a promising future for mobile commerce The NFC Forum, a non-profit industry association that promotes standards for NFC technology, has announced that it has formed a liaison partnership with the Bluetooth Special Interest Group, a trade association focused on Bluetooth technology. The partnership will allow the two organizations to work more closely together in the future, potentially collaborating on projects concerning the use of NFC and Bluetooth technology. Both of these technologies have become quite popular in the mobile space, especially where commerce is concerned. NFC…

Read More

NFC Forum announces new principle members

NFC Technology mobile commerce

New members inducted into the NFC Forum this week The NFC Forum, a non-profit organization that aims to promote the development and adoption of NFC technology, has announced the addition of several new companies as the organization’s principle members. Canon, Hewlett-Packard, and Yahoo! JAPAN have been inducted as principle members of the NFC Forum, joining several others that are making use of or promoting the adoption of NFC technology. The induction of new principle members is expected to bring more momentum behind the adoption of NFC technology in a number…

Read More