NFC (Near Field Communications) is sometimes hailed as the next big thing for mobile commerce. The typical scenario requires a consumer with a smartphone that has the hardare to work support NFC wireless data. This smartphone securely communications with a ticket dispensing machine, vending machine or some point of sale device to complete a transcation. Major U.S. mobile phone companies, credit card companies and Google have announced some kind of NFC mobile payment strategy in the past year. Bloomberg News reports that three of the big four U.S. mobile firms plan to invest heavily to get their joint venture, ISIS, up and running.
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Google and Sprint have their own NFC based mobile payment strategies. Bloomberg reported that Juniper Research projects that 20% of smartphones will be NFC capable by 2014.
You can find previous coverage on this topic here on Social Times in the references listed below.
May 4, 2011: ISIS NFC Mobile Commerce: Not in 2011