The NFC technology and SoC have been paired in what the company is calling a first ever tech. Semiconductor manufacturing company Infineon has unveiled a new keyless lock device that works on near field communication (NFC) and system-on-chip (SoC) technology. The combination makes it possible to unlock padlocks, doors and other locks with mobile phones. According to the company, the future of building security might involve removing keys from the mix altogether. It has developed a security solution that requires neither keys nor batteries to make it possible to lock…Read More
Category: Near Field Communications
NFC technology has turned mobile on to its ear with cool innovative ways that retail, transportation, and many other business models are implementing to help make consumers lives just a little easier.
Mobile Tap to Pay trend picks up speed among US retailers
Shoppers have started to see the appeal of using their smartphones to pay for purchases in-store. Compared to many other countries worldwide, the US has been slow to adopt mobile payments, but Tap to Pay technology has started catching on among American shoppers. Adyen, one of the largest US payment services providers is now supporting this tech for retailers. Adyen has now officially launched support for Tap to Pay in its merchant networks and retailers. This has opened the door to allowing people using iPhone XS or newer, as well…Read More
Apple mobile wallet practices hurt competition, says EU regulators
The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…Read More
Mobile payments market to reach $42 billion this year
Moreover, by 2032, it will have reached a CAGR of 30 percent and will be worth $590 billion. The mobile payments market is continuing its explosive growth, to the point that it is expected to reach a value of $42 billion by the close of this year. That will involve an astounding 30 percent CAGR that will bring it to $590 billion by the end of the next ten years as 2032 comes to a close. Though device-based transactions have been popular in some markets, they were slow to take…Read More
Does Apple have the right to the NFC technology used for its mobile wallet?
Aire Technology patent-holding company has filed a lawsuit against the iPhone maker. Irish patent-holding company Aire Technology has sued Apple over alleged patent infringement for the NFC technology and digital wallet tech used in many iPhone models. The lawsuit was filed with the US District Court for the Western District of Texas. The company’s lawsuit asserts that Apple products such as the iPhone and Apple Watch “that support NFC and/or mobile payment applications, such as Apple Pay […] infringe at least one claim” of three US patents. Those patents were…Read More