A walk down memory lane for the payment industry
This has been quite the year for near field communication. The hype around the technology has skyrocketed and enabled handsets are actually being sold in the U.S. In a handful of locations, these handsets can be used for purchases and other transactions.
NFC is not a brand new technology. Millions of handsets are deployed in Japan but the hype around the technology in western countries has grown deafening. Until this year it had been all talk as handset manufacturers, telecoms and banks tried to figure out a way to make NFC a reality. But with RIM enabling two Blackberry devices, Samsung’s Nexus S and Google Wallet and Offers NFC has already become a reality to some with more slated in 2012.
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