Tag: nfc security

Aluminum foil could be the key to mobile security for NFC-enabled credit cards and smart phones

Stephen Vagus
NFC Security

Mobile commerce is becoming more popular around the world thanks to NFC technology. At this point, mobile payments seem to be inevitable as more companies begin to adopt NFC technology to help facilitate the new form of commerce. Though the concept is gaining momentum, consumers are showing serious concern for the safety of their financial information in relation to mobile payment platforms. NFC technology has enabled consumers to make purchases without making contact with a physical platform. The technology is used in credit cards and some smart phones, making these…

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Berg Insight study shows that NFC-enabled smart phones sales will jump to 100 million this year

Stephen Vagus
NFC Technology

A new study from Berg Insight, a market research and analysis firm based in Sweden, paints a bright future for NFC-enabled smart phones. The study suggests that sales of NFC-enabled smart phones will jump to 100 million this year, up from 30 million in 2011. The rapid adoption of these mobile devices is likely due to the growing popularity of mobile commerce. NFC smart phones can be used as mobile payment devices, enabling users to make purchases without having to use physical currency or credit card. The technology is not…

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Commonwealth Bank sees major rise in NFC payments in Australia, Telsyte suggests merchants will be slow to warm to mobile commerce

Stephen Vagus
Mobile Payments

Mobile commerce is gaining momentum in Australia, according to The Commonwealth Bank, the country’s largest financial institution. The bank announced this week that mobile payments have more than quadrupled in the last year, logging more than 1.3 million transactions during December alone. The bank notes that the availability of NFC applications has also risen by 30,000 over the same time period. This indicates that mobile commerce may be gaining ground with consumers in Australia, but research firm Telsyte claims that the concept is not very popular with merchants. Mobile commerce…

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European Commission to determine whether mobile commerce project from the UK can proceed

Sam Lambert
M-Commerce Industry

Regulators with the European Commission, the legislative arm of the European Union, are determining whether to grant approval for a mobile commerce project from the United Kingdom. The project has been dubbed “Project Oscar” and is a joint venture amongst three of the UK’s largest telecommunications companies: Everything Everywhere, O2, and Vodafone U.K. The project seeks to promote mobile commerce through the spreading of NFC technology and mobile devices. The companies also want to build a system that would store the financial information of consumers so that this information is…

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WestSummit announces new investments, targets mobile commerce for future growth

Stephen Vagus
Mobile Commerce Future

WestSummit Captial, a technology investment firm based in China, has announced that it will be investing in projects from Union Optech, an optical lens manufacturer, and INSIDE Secure, an NFC technology provider from Europe. WestSummit has extensive history in investing in growth stage technologies, powering their progress and making new products ready from commercialization. The company believes that its latest investments will be beneficial for the technologic ecosystem of China, especially as the country becomes more interested in mobile commerce. INSIDE Secure has been a leading developer of NFC technology…

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