Mobile wallets will be in half of all smartphones by 2016

mobile commerce wallet payments

Smartphone based payments apps are taking off and are expected to become major players next year. There is a reason that mobile wallets have been taking up such a central place in the headlines over the last little while, and this is because they are expected to become a serious part of the technology environment in the not too distant future. The idea is that it will help to make it much safer and simpler for consumers to shop online and in-store. According to certain players in the mobile technology…

Read More

Google unveils safety measure for their upcoming mobile wallet

Google

As mobile commerce continues to generate hype, concerns regarding security abound. Electronic payments have always carried an inherent threat, most often exemplified in identity theft, but NFC-power mobile payments present new risks. While the companies developing NFC-enabled payment platforms insist that such systems are secure, there has yet to be any evidence backing these claims. Google is the first company to show just how serious they are when it comes to security by announcing that their Google Wallet product will be equipped with a fingerprint sensor. After unveiling the plans…

Read More

The new golden NFC car key

NFC Smart Key

Near Field Communication (NFC) technology is not only for mobile payments. In the Netherlands, NFC is being used to make “smart” car keys. NXP Semiconductors, a company specializing in high performance mixed signal radio frequency products, is pioneering this use of the technology in Europe. The company announced last Wednesday that its new NFC-enable microchip is ready for use with multifunction car keys. NFC keys can be used to interact with a vehicle without having to actually touch it. The keys can unlock doors and even start the engine through…

Read More