Report highlights potential of NFC in access control industry The beleaguered access control industry may see a revival through the introduction of NFC technology and smart cards. A new report from IMS Research, a leading market research firm in the electronics industry, suggests that the $400 million industry could see a serious revolution through the adoption of NFC smart cards. NFC technology has already shown its proficiency in its ability to facilitate data transfer, thus showing value for the access control industry. Smart cards may be becoming smarter NFC-enabled smart cards…
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Taiwan to work to establish mobile commerce foundation next year
Mobile commerce is expected to take off in Taiwan next year as more telecommunications companies begin to adopt NFC technology. Far EasTone, one of the largest telecommunications companies in the country, has announced that it will be working with the other four telecom companies in Taiwan to build a foundation for mobile commerce. Together, the companies expect that the number of NFC-enabled smart phones in the country will surpass 100,000, which means that mobile commerce market will be ripe with potential. The new telecommunications coalition has met with the Bankers…
Read MoreChina Unicom and China Mobile announce their support for NFC technology
Two of the largest mobile operators in their country, China Unicom and China Mobile, have announced their intentions to bring near field communication (NFC) technology on a subscriber identity module (SIM) card foundation to their customers. The GSM Association, which has made NFC standardization worldwide one of its primary goals, made the first announcement of the intentions of the two mobile operators in China to support NFC technology. These two leading businesses in the Chinese marketplace are adding their names to 43 other mobile operators worldwide who have also declared…
Read MoreGoogle Wallet to give consumers spending money to drive use of mobile payments
Google Wallet has announced that it will be giving consumers $10 to spend through its new NFC mobile payment service in the hopes to encourage its use, as it has – so far – had a slow start. According to the official blog of the company, “We’re excited to give you a chance to try out Google Wallet and experience paying with a mobile phone.” Google aims to offer this opportunity to customers at select retailers in five American cities ahead of the holiday season. Those cities are: Los Angeles,…
Read MoreBattle for NFC supremacy rages, but the fate of mobile commerce may lie with manufacturers
Few consumers are aware of the massive battle raging around them in which several technology and telecommunications companies are pitted against one another for the supremacy of the mobile commerce industry. The industry, while young, holds promises of wealth for companies that can successfully leverage NFC technology and establish themselves as a leader in mobile payments. Using NFC to turn smart phones into digital wallets is only the tip of the iceberg when it comes to mobile commerce, however, as companies are now starting to vie for the favor of…
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