NFC no answer for mobile payments, but alternatives offer promise
NFC’s slow development could cause it to lag behind other mobile payment solutions for at least six years, according to New York-based ABI Research’s latest report. In the mean time, the study notes, three existing technologies–text messaging, mobile Internet and downloadable mobile applications–have the potential to deliver what NFC so far has not. ▸

Giesecke & Devrient has developed a mobile security card offering contactless smart-card security in addition to the usual data storage functions. The new security feature is provided by a cryptography controller with an NFC-compatible interface integrated in the microSD card along with flash memory.
Company has come a long way from seven guys wanting to make their own contactless chips![[end]](/resources/bullet/nfcnews-4.gif)