Is NFC necessary for secure mobile payments?

Mobile commerce and the future

Or will other technology swoop in on the mobile payments market… When the topic is mobile payments, Google is quick to come to the forefront of a discussion, but as that company’s Google Wallet has been slower to catch on than some had predicted, and it is based on NFC technology, which isn’t yet available in the majority of smartphones, many are wondering whether near field communications technology is truly necessary for secure contactless payments to catch on. Many sources are starting to suggest that it could be five years,…

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Visa announces payWave mobile payments provisioning service

Visa Mobile Payments News

Visa has unveiled a new level to their mobile payment system, payWave, which will provide an over-the-air smartphone provisioning service. The announcement was made in Barcelona at the Mobile World Congress, and according to the company, this new service is designed to make it simpler for banks, operators, and transit operators to connect a consumer’s smartphone with Visa payment accounts. Though consumers may not find this quite as thrilling as the release of apps for a mobile wallet, what Visa has now released what they feel is a primary element…

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Panasonic to launch a new flagship smart phone to embolden presence in European market

Panasonic Eluga

  Panasonic is taking a bold step toward establishing its presence in the European market by announcing its new flagship mobile device for the region. Called Eluga, the smart phone features a great deal of fancy technology and built-in applications. It is also waterproof up to a depth of six-to-eight feet. The phone will have a powerful processor capable of handling most of its processes with ease. Panasonic believes that the phone will do well because of these features, but claims that consumers will come to love the phone because…

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LG upgrades smart phone with NFC capabilities, gives consumers the ability to make their own tags

Optimus LTE Tag

Famed telecommunications and mobile technology company LG has upgraded their LG Optimus LTE Android smart phones to be fully capable of interfacing with NFC technology. The move comes as NFC grows in popularity amongst consumers. Telecommunications companies have to respond the rising demand for the technology or risk being left behind by competitors. As such, LG’s latest upgrade to their mobile platform will enable consumers to make use of NFC technology in a way that other companies do not support. The Optimus LTE will be able to recognize NFC tags…

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NFC-enabled application from VTT Technical Research Center could be useful for visually impaired consumers

NFC Technology

As mobile technology become more popular around the world, those with special needs may be missing out. The VTT Technical Research Center in Finland has been working on a series of NFC application that are geared to serve the visually impaired. Researchers believe that the technology can help those with troubled vision to better function in the world and enable them to experience the same features many consumers are coming to adore. The application aims to expand upon the simple concept of linking a physical product to the digital world.…

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Sequent Software develops new technology that will let almost everyone adopt mobile commerce

NFC technology mobile payments

Telecommunications and technology companies, along with financial institutions, have been locked in a battle to establish dominance in the budding mobile commerce industry. The industry relies heavily on NFC technology, which allows consumers to make purchase from their mobile devices. Consumers have responded well, thus far, to the prospect of their mobile devices becoming a payment platform, but there is a problem keeping mobile commerce from mass adoption. The problem is that NFC technology is available only to a precious few smart phones – those equipped with microchips that allow…

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Nokia launches new promotional campaign in the UAE to raise awareness of NFC technology

Nokia NFC mobile technology

Nokia has announced the launch of a new campaign that seeks to promote NFC technology in the United Arab Emirates. Mobile commerce has been growing in popularity in the region of late as more smart phones find their ways into the hands of consumers. Nokia has been working to establish itself as one of the major players in the emerging industry, especially overseas, and hopes to get consumers in the UAE more familiar with the way NFC technology works. For the campaign, owners of Nokia’s N9 smart phone will be…

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How Apple may give NFC the boost it needs in 2012

NFC Technology Mobile Payments Infrastructure

Although there is a tremendous amount of talk about smartphones that are enabled with near field communication (NFC), the actual market for the technology remains quite small. However, this is expected to change in 2012, if iPhone and Windows Phone 7 devices by Apple and Microsoft are released equipped with NFC technology. Some experts, such as those at Digitimes – which is predicting that those two manufacturers will be joining with Android, Blackberry, Symbian, and Bada in the NFC environment – have announced that after discussing the topic with smartphone…

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Android app uses NFC to boost participation in cultural exhibits

NFC Android app

Visitors that went to the STRP Festival – one of the top art and technology events in Europe – had the ability to use near field communication (NFC) enabled smartphones for enhanced interaction with the cultural exhibits. Through the use of an app, Android-based smartphones gave visitors the chance to use an exhibited artwork to obtain detailed information simply by tapping it over one of the NFC tags. This triggers a digital voice message. The mobile app also let its users decide how much they “love” a particular piece of…

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NFC-enabled screens from Clear Channel to hit the streets of London this month

Augmented Reality Advertising

NFC technology may be getting a lot of attention from financial and credit institutions but it has not lost any of its allure to advertisers. Clear Channel Outdoor, and advertising firm specializing in outdoor marketing campaigns, has announced that it will be launching a new wave of interactive billboards throughout London, UK. The billboards will be able to interact with NFC-enabled smart phones and are expected to hit streets in the coming weeks. The firm has conducted similar advertisements in London in the past and will be drawing upon that…

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Why Google Wallet may find Subway is a key to its success

Mobile Payments

Retailers and restaurant chains such as Subway that are selling goods for low prices in locations across the country may be just the boost that Google needs to succeed in its new mobile commerce service. Since Google Wallet was first unveiled in May, consumers have remained skeptical of this mobile service application. The service allows users to store their credit cards on their smart phones in digital format so that they can use the handset in order to make purchases at points of sale at various retailer that are enabled…

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