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Why Google Wallet may find Subway is a key to its success

09/26/201109/26/2011 Sam Lambert

Retailers and restaurant chains such as Subway that are selling goods for low prices in locations across the country may be just the boost that Google needs to succeed in its new mobile commerce service. Since Google Wallet was first unveiled in May, consumers have remained skeptical of this mobile service application. The service allows users to store their credit cards on their smart phones in digital format so that they can use the handset in order to make purchases at points of sale at various retailer that are enabled…

World’s first NFC-enabled watch coming in 2012

09/13/201109/13/2011 Sam Lambert

With NFC becoming more popular in the realm of commerce, more devices that make use of the technology are entering the commercial market. Most of these devices are smart phones coming from companies like Nokia and Apple, but Winwatch, a Swiss watch maker, has developed a new device that makes use of the promising technology. The company has built the first ever diving watch which can interface with NFC stations. According to the company, the watch can be used to make mobile transactions the same way a smart phone can.…

NFC companies race to make the lowest power transceiver

08/18/201108/18/2011 Jennifer Goula

Near field communications (NFC) technology has been attracting a significant amount of attention from technology companies, finance organizations, and retailers alike, as it allows people to use their smartphones or other mobile device for making purchases, redeeming coupons, checking in at airports, paying for parking, and other common transactions. However, the amount of power NFC transactions require has come to be noticed, and developers have now started the race to create the NFC transceiver that requires the least amount of energy. So far, the front runner appears to be Texas…

What is contactless payments and how will it make my life easier?!

08/13/201108/13/2011 L. Green

Near field communications (NFC) is a technology that has the potential to create a great deal of convenience to keep all of the different forms of identification that we need on a regular basis all easily accessible and in the same place. NFC is a form of contactless credential technology that can make a mobile device act as credit cards, debit cards, and even points and loyalty cards, or other types of identification such as a driver’s license. It promises to one day provide us with the chance to use…

Everyone is talking about new mobile wallet technology

08/06/2011 L. Green

Though credit cards are still the standard here in the United States, in other parts of the world – such as Kenya – smartphones have replaced the card and card-reader technology which are now considered to be obsolete in that nation. In fact, among Kenyan adults, 70 percent use their mobile phones to pay for goods and services at a point of sale, and this country is not alone. Around the globe, an ever increasing number of people are using their mobile devices to pay for retail goods, groceries, and…