Near Field Communications Handsets and Tags, NFC Pilots and Projects

Breaking down the business cases for NFC

Tuesday, June 1, 2010

Banks, telcos, TSMs … Who will get paid in the NFC ecosystem?

by Autumn C. Giusti, Contributing Editor, AVISIAN Publications

Will that be Visa, MasterCard or iPhone?

That’s the question banks and cell phone companies are hoping to hear more of in the next few years as the contactless payment world prepares to make the leap to near field communication (NFC).

Near field communication is a technology that would enable people to make purchases or ride the subway with a wave of their mobile phones. The technology is beginning to take hold in Japan and South Korea, and trials have taken place around the globe. Analysts believe NFC could start appearing in U.S. markets before the end of 2010 and could reach critical mass in the next two to three years.

There are 1662 words in the rest of this article …

Library Access Required

Library subscribers have access to the full archives of more than 10,000 original news items and feature articles published by AVISIAN’s suite of ID technology publications (ContactlessNews.com, CR80News.com, DigitalIDNews.com, FIPS201.com, NFCNews.com, RFIDNews.org, SecureIDNews.com, and ThirdFactor.com).

For just $49, you receive unlimited password-protected access to content on all of AVISIAN’s sites for an entire year. Your subscription helps fund the continued creation of independent, insightful content. Find out more.

Sign in as a Subscriber

If you are already a subscriber, you may sign in now. Enter your Email Address and Password and click Sign In.

Email Address →
Password →
Action →

If you have forgotten your password, enter just your Email Address, and click Send Password.

Email Address →
Action →
Related Articles
OTI granted U.S. patent for contactless 'Smart SIM'

On Track Innovations has received a U.S. patent for adding contactless capability to existing mobile handsets through contactless SIM technology.

U.S. Patent No. 8,090,407, aka “Contactless Smart SIM,” covers the capabilities necessary to turn existing mobile handsets into NFC-enabled devices through the use of a SIM card and a specifically designed antenna, all while keeping the phone and operating system “fully agnostic,” says OTI.

read more »
NFC a 'sleeper hit' at CES

While it may not be the flashiest technology on display at the 2012 Consumer Electronics Show in Las Vegas, near field communication has garnered enough attention to make it the “big sleeper” of CES, according to InformationWeek.

read more »
Samsung, LG & RIM phones get Visa payWave certification

Visa Europe has announced that NFC-enabled smart phones from Samsung, LG and Research In Motion have been certified for use with Visa payWave, Visa’s mobile application for payments at the point-of-sale.

read more »
Survey: Germans coming around to NFC, contactless payments

A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

read more »
Smart debuts NFC payments in Philippines

Smart Communications, a mobile operator based in the Philippines, has announced the launch of its new Smart Money “Tap2Pay” mobile payments solution.

The first service of its kind in the Philippines, Tap2Pay lets users make payments with a simple tap of their NFC-enabled phone at the point of sale.

read more »
Collis debuts Visa Mobile Payment Specification Test Suite

Collis has announced the launch of its Visa Mobile Payment Specification (VMCPS) Test Suite, enabling the functional testing of UICC or secure element-based contactless mobile payments applications.

read more »

Copyright © 2012, AVISIAN, Inc. All rights reserved.