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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