There can be no doubt that the smart phone market is growing at a rapid rate. It is becoming increasingly clear, however, that smart phones that are not capable of interacting with NFC technology simply will not perform in the changing market. NFC technology is having a major impact on the world of mobility, so much so that makers of smart phones are making efforts to incorporate the technology into their designs. Nokia and Sony have come to the Consumer Electronics Show in Las Vegas, Nevada, to show off their…
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PayPal and Google predict tremendous popularity of NFC mobile payments
Both PayPal and Google executives are adamant that near-field communication (NFC) technology enabled mobile devices will lead to tremendous successes with mobile payments. According to executive chairman Eric Schmidt of Google, he anticipates that within the next twelve months, one third of all retail store and restaurant checkout terminals will have been upgraded in order to be able to receive NFC mobile payments by way of their customers’ mobile devices. He stated that “I judge that based on how long I think it takes, because the terminals are available now,…
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