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.…

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Report highlights awareness of NFC-based mobile commerce in the UK

NFC technology mobile commerce

NFC seems unpopular with UK consumers YouGov, an online market research firm, has released a report focused on NFC technology. NFC has been gaining a significant degree of attention in recent months due to reports concerning its security and the fact that it is losing ground in the field of mobile commerce. NFC has long formed the backbone of mobile payments, used by retailers and other businesses to facilitate payments in a relatively efficient manner. NFC may not be as popular as many believe, however, despite the apparent popularity of…

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BNP Paribas launches new NFC-based mobile commerce initiative

NFC Technology mobile commerce

Mobile commerce initiative forms with the help of MasterCard and Gemalto BNP Paribas Group, one of the world’s largest banking organizations, has announced the launch of a new mobile payment initiative based on NFC technology. The organization has partnered with MasterCard for the initiative, allowing customers to utilize their line of credit in order to purchase products from their smartphones. These smartphones will be equipped with NFC-enabled SIM cards provided by Gemalto, a leading security firm. The initiative is meant to provide consumers with an efficient and security way to…

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Far EasTone to launch its own NFC-enabled device to promote mobile commerce

NFC Technology mobile commerce

Mobile commerce held back by lack of NFC-enabled devices In a world where commerce is becoming increasingly mobile, NFC technology is still relatively unknown. Despite the fact that the technology is considered one of the pillars of modern mobile commerce, very few consumers are aware that the technology actually exists or how to use it. Because most mobile commerce platforms are based on NFC technology, this also meant that few consumers are able to participate in mobile payments due to their lack of knowledge and the generally low availability of…

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NFC technology proves to be a liability in Asia

nfc technology security in Asia

NFC technology becomes a popular target for thieves NFC technology has been receiving more attention recently due to the rise in popularity of mobile commerce. NFC is not a new technology, but it is still relatively young when compared to other types of mobile technology. Before NFC was being used in mobile commerce, it was being used in credit cards as a way to facilitate contactless payments. Now, NFC is beginning to attract the attention of malicious groups that are eager to steal a consumer’s financial information. Digital pickpockets becoming…

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NFC technology shows strong growth in mobile sector

NFC Technology

NFC technology continues to receive support from device makers NFC technology has been seeing some turbulence among consumers and businesses over the past year. The technology had once been remarkably popular due to its use in mobile commerce, but has since fallen from grace due to the security concerns that surround it. Mobile commerce is not the only use for NFC, of course, but the technology has only seen modest use beyond this sector. While some companies have been moving away from NFC technology, makers of smartphones and tablets continue…

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Mobile commerce threat emerges with new application

mobile commerce

New application poses serious security risk for the mobile commerce sector In a world where mobile devices are used for just about everything, security is no laughing matter. Mobile security is quickly becoming one of the most prominent concerns among those with smartphones and tablets, especially for those that participate in mobile commerce. As mobile commerce continues to grow, so too do the threats that are designed to steal and exploit a consumer’s financial information. A new malicious mobile application was recently discovered that aims to do just that. App…

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Mobile commerce made more approachable by iKaaz

Mobile Commerce

New mobile commerce system launched by iKaaz Mobile commerce is still considered by some to be in a state of infancy. This is true, in many cases, especially where vendors are concerned. Most modern mobile commerce efforts are based around the use of NFC technology, which allows for the transmission of financial information over very short distances. NFC-enabled devices, especially point-of-sale terminals, are in short supply, however, making the adoption of mobile commerce somewhat complicated for several industries. iKaaz, a developer of mobile payment solutions, aims to solve that problem.…

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Education may be key to success of NFC technology

NFC technology mobile commerce

NFC technology receives more support from investor in Texas NFC technology is a very important piece in the puzzle of mobile commerce. The technology, which has seen use in marketing as a tool to engage mobile consumers, has become the cornerstone of most major mobile commerce efforts. NFC allows NFC facilitates the transmission of digital information between two mobile devices, or between a mobile device and an NFC-equipped terminal. The technology had received relatively little attention from consumers until the launch of the Samsung Galaxy S III, which uses the…

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Mobile commerce and NFC technology gaining momentum

NFC technology mobile commerce

NFC technology may not be as unpopular for mobile commerce as critics suggest Mobile commerce may be all the rage in the retail industry, but NFC technology has been losing traction with both consumers and businesses, at least that is what the critics claim. NFC technology has become the cornerstone of most of the world’s mobile commerce initiatives, but many have begun to argue the overall security of the technology and how easily it can be exploited by hackers. The technology has, however, been growing in popularity among consumers, despite…

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NFC technology benefits unclear to many mobile consumers

NFC technology mobile payments

CEO of mHITs has found that Australian customers aren’t sure about the advantages of near field communication. NFC technology has been making a lot of headlines over the last few months, particularly in the area of mobile payments, as many smartphone companies, transaction businesses, and retailers believe that it provides a clear advantage over the more traditional forms of paying for goods and services. According to mHITs, this benefit is not being seen by the consumer. The CEO of mHITs, the Australian SMS based mobile payments service, Harold Dimpel, explained…

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