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