NFC transactions Archives

Is NFC technology really safe?

12/22/201312/21/2013 Note From The Editor

NFC has a dubious history with security NFC technology has been attracting a lot of attention for some time. The technology is quite simple in that it is capable of facilitating the transfer of digital information over short distances. NFC is most commonly seen in the mobile commerce field and therein has attracted the majority of its support. It is in the mobile commerce sector that questions regarding the safety of NFC came to prominence. Because NFC deals with the financial information of consumers in the mobile sector, the technology’s…

NFC technology may never lead the way in mobile wallets

10/31/201310/30/2013 Sam Lambert

Forrester Research has predicted that this will not be the tech that powers smartphone payments. An analyst from Forrester Research spoke at the Mobile Shopping Fall Summit and has explained that she believes that it is not likely that NFC technology will ever lead the way in powering the mobile wallet ecosystem. During the speech that was made by the analyst, she described a number of the benefits of the efforts from the biggest players The senior analyst, Denee Carrington, of Forrester Research said that while she does understand the…

NFC technology enabled smartphones will fall short of predictions

12/11/201212/08/2012 L. Green

Juniper Research data shows that near field communication transactions will not reach forecasts. According to the latest data from Juniper Research, previous predictions regarding NFC technology transactions over smartphones will be greater than the reality. The values of near field communication transactions worldwide is expected to reach $110 billion by 2017. This figure is notably lower than a previous prediction that Juniper Research had made, which said that by 2017, the NFC technology based transactions would hit $180 billion. According to the report, which was entitled “NFC Mobile Payments –…

QR codes and NFC could threaten Samsung smartphones with malicious code

09/26/201209/26/2012 Jesse Collins

A single line of coding has been discovered that can wipe the devices back to factory settings. The latest mobile news has shaken some owners of Samsung smartphone devices, as they discover that activities as simple as visiting an mcommerce website, scanning QR codes, or using NFC transactions could be enough to wipe all of the saved data and settings from their devices. The tiny piece of coding is enough to return the phones back to their original status. The malicious coding has so far been reported as being able…

Radio Shack poised to begin accepting mobile payments through Google Wallet

08/26/2011 Stephanie Beck

Radio Shack has announced that it will be one of the first retailers that will be taking advantage of the latest mobile payment technology being offered through Google Wallet. This announcement follows a press conference made by Google in June, when it divulged its new partnerships with credit card companies and banks that would bring near field communications (NFC) payments to phones running on their Android operating system. The start of the service was through the Nexus S phone, but NFC will be a part of all future Android phones,…