Consumers prepare for the rise of NFC enabled devices for mobile payments

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  As an increasing number of mobile device companies announce their intentions to release products that contain a near field communications (NFC) chip, consumers are preparing themselves to begin using these devices to replace their wallets and handbags for making purchases.  Google, for example, has already come up with the Nexus S cell phone from Samsung Electronics, which is NFC enabled, allowing for mobile payments.  This device was unveiled last December and has the necessary technology to transmit payment information or discount coupons in conjunction with a reading device at…

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