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Coming to a Country Near You, Contactless Mobile Payment Trials

Started by Ewan · 10 months ago

Tim Sills is based out of Southern California and one of his bags is mobile payments. He’s got quite a bit of experience in the category so I asked him to write an overview of where we are in the marketplace from his perspective. Here we go. Tim, over to you:
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1 comment

  • trsills

    10 months ago

    NFC offers some excellent advantages in the mobile payment scenario in that it communicates over a very short distance. So you have to be in very close proximity when performing a transaction. Yet, as in any wireless situation, there are still other concerns to address so as to ensure a secured environment.

    Secondly, I think people are less likely to get the heebie jeebies when using NFC cause again of the close proximity required versus other RFID technologies that broadcast over a greater range. This expanded coverage could open the door to tracking your movement without your knowledge.

    Lastly, the chip's ability to work in passive mode by drawing its power from the terminal means that it doesn't have to leech from your phone's precious battery supply in order to function.
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