Google Wallet is officially launched for NFC mobile payments on the Nexus S

Mobile Payments

Google has officially announced the launch of its mobile contactless payment program based on near field communications (NFC) technology, which allows consumers to buy products and services by tapping their smartphones at any of the over 300,000 merchant terminals that are able to accept MasterCard PayPass transactions. So far, the technology is available only through the Sprint Nextel Nexus S smartphone, which runs on version 2.3.4 of the Android operating system, and contains an NFC chip. Moreover, the service is starting by only allowing either Citi MasterCards that have been…

Read More

ViVOtech wins $24 million in funding, seeks to expand NFC use outside the U.S.

Mobile Commerce Industry

ViVOtech, a provider of NFC-enabled hardware and software, has just finished their latest round of funding and have raised more than $24 million. The money comes from a wave of investors eager to support the growing NFC industry. Indeed, the technology is gaining momentum and more companies around the world are looking to incorporate NFC in their operations. The surge of money will help the company expand its ventures outside of the U.S. and further proliferate the use of NFC technology. Google is one of the primary backers of ViVOtech,…

Read More