28 Apr '13, 3pm

New Payment Methods Are Aimed at People on the Go #mbanking

You're running late and craving that morning coffee, but the long line in front of the barista makes you want to turn around and go without. People are fumbling for change or dragging out debit cards, even for small purchases. Isn't there a better way to pay for something? For more and more consumers, the answer to that question is going to be yes. A whole host of players -- retailers, credit card companies, payment services, telecom giants, consumer electronics firms, and even transit authorities -- are joining forces to develop and promote cutting-edge technologies for mobile payments. Think about how quickly that coffee line would shrink if all you had to do was wave your smartphone in front of a point-of-sale (POS) reader. That payment technology is already here. More phones are being equipped with Near Field Communication (NFC) chips, one of the prime mobile payment a...

Full article: http://www.designnews.com/document.asp?doc_id=262584&f_sr...

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