NFC market to exceed $180 billion by 2017 A new report from Juniper Research suggests that the NFC retail payments market will surpass $180 billion globally by 2017. This is a more than seven-fold increase from what the market is currently. Much of this growth is linked to the events of 2011. Last year, technology companies began laying the framework for the aggressive growth of mobile commerce. The promotion of NFC technology was part of this endeavor, which seems to have been somewhat successful, as noted by the Juniper report.…
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Jiepang and Starbucks celebrate 2 year anniversary of partnership to expand NFC technology
Companies work to make NFC technology commonplace in China Jiepang, a Foursquare-esque social network based in China, and Starbucks have announced the second anniversary of their partnership to promote NFC technology. For the past two years, the two companies have been working to make NFC technology commonplace throughout China. Both companies have a great deal of experience with the technology and believe it could be used to connect with consumers in a more dynamic fashion. As part of the second anniversary celebration, the companies are offering benefits to consumers that…
Read MoreiPhone 5 may be approaching final stages of production
Speculation abounds concerning the release of the iPhone 5 There is speculation in the technology world that suggests that Apple’s iPhone 5 has entered the final stages of production. Proof of concept prototypes of the highly anticipated mobile device were released recently, which hinted at the capabilities of the upcoming mobile device but did little to suggest the device’s release date. Though the speculation has begun to run rampant throughout the technology world, Apple has not confirmed that the iPhone 5 is nearing the final stages of production. Past iPhones…
Read MoreDeviceFidelity wins European patents for iCaisse
Patents awarded to DeviceFidelity for its iOS NFC solution DeviceFidelity, a leader developer of NFC solutions for smart phones, has announced that it has received a patent from the European Patent Office concerning one of its NFC solutions for iPhone and iPad mobile devices. The patent is being considered a major victory by DeviceFidelity. The company believes that it will enable more consumers to make use of NFC-based services without having to purchase NFC-enabled mobile devices. The patent concerns the company’s iCaisse product, which is a peripheral component for mobile…
Read MoreNFC stickers introduced in Germany to fill void in mobile commerce
Company develops NFC stickers to make mobile commerce more inclusive Giesecke & Devrient (G&D), a financial services and security company based in Munich, Germany, has introduced the first payment sticker that complies with the specifications of the German banking industry. The sticker makes use of NFC technology and is designed to be used with smart phones and other mobile devices to turn them into payment platforms. Using the stickers, consumers can make purchases using their mobile device rather than physical currency or a credit card. NFC stickers may address the…
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