Tag: nfc infrastructure

Absa partners with Vodacom to advance the spread of mobile commerce

Stephen Vagus
Mobile Payments

Absa, the largest retail bank of South Africa, have partnered with Vodacom, a pan-African mobile telecommunications company, in order to expand the reach of mobile commerce. Together, both companies will develop the mobile banking and payment services available to South Africans as well as introduce several new services to the market. Officials from both companies hope that the project will provide consumers with increased convenience when making purchases. Their efforts will expand into surrounding African countries that may benefit from increased focus in mobile commerce. The concept of mobile commerce…

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Identive Group pumping more than one million NFC tags into the mobile industry

Stephen Vagus
NFC Technology Mobile Payments Infrastructure

NFC technology continues to gain traction around the leading up to the release of several NFC-enabled smart phones from the major telecommunications companies in the world. The companies investing in the technology are hoping for a sort of revolution in both the realms of commerce and socializing and have been taking steps to ensure this. Before NFC can really expand, however, there must be an appropriate infrastructure. That is, there must be millions of NFC-enabled devices saturating the market. Such a task is not easily accomplished but Identive Group, Inc.…

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What will it take to keep the M-Commerce ship afloat

Jesse Collins
M-Commerce

The NFC-driven mobile payment revolution may be coming to an abrupt end before it ever really gained any momentum. Analysts with Gartner Inc., a technology research firm, say that the prospect of mobile payments may be interesting, but the technology needed to facilitate this form of commerce is much more complex than the big players would have consumers believe. Many have stated before that the instigation of mobile commerce is seldom a singular effort. Companies interested in pioneering the field of mobile payments must garner the support of several thousand…

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Mobile commerce trends are here to stay with new dramatic growth reports released

Stephen Vagus

NFC-powered mobile payments are gaining traction in North America, Germany and Turkey. The interest in the technology has been steadily growing and consumers are eagerly anticipating the coming payment platforms coming from a number of tech and banking companies. A new study released by Juniper Research, a market and technology research firm, suggests that the overall value of NFC transactions will be at $670 billion by 2015. While the study paints a favorable outlook for mobile commerce in the coming years, the results pale in comparison with a report from…

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PayPal and Google predict tremendous popularity of NFC mobile payments

Jesse Collins
Mobile Payments

Both PayPal and Google executives are adamant that near-field communication (NFC) technology enabled mobile devices will lead to tremendous successes with mobile payments. According to executive chairman Eric Schmidt of Google, he anticipates that within the next twelve months, one third of all retail store and restaurant checkout terminals will have been upgraded in order to be able to receive NFC mobile payments by way of their customers’ mobile devices. He stated that “I judge that based on how long I think it takes, because the terminals are available now,…

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