AT&T, T-Mobile & Verizon Giving NFC Mobile Payments a $100 Million Push

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.

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