Is NFC The Future of Payment Processing?
April 17, 2009 by Matthew Hunt
I found this press release yesterday and it just proves again that we are getting closer and closer to payment processing moving towards being conducted on our mobile devices.
“MasterCard Canada, in partnership with Citi Cards Canada and Bell Mobility, has completed the first near-field communications (NFC) trial of Mobile PayPass(TM) in Canada. This was the first trial in Canada to use Bell Mobility’s wireless network allowing trial participants to make purchases using their mobile device at MasterCard(R) PayPass(TM) acceptance locations across Canada. The four-month closed trial was a major step towards bringing mobile payments to Canadian mobile phone users.”
Read more on the near-field communications trial here.
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