Stories about: NFC

"If you board the wrong train, it's no use running along the corridor in the other direction," said famed World War II German resistance fighter Dietrich Bonhoeffer. We in IT boarded the wrong train a long time ago. It's the "standard model" of information technology organizations - the familiar litany that says CIOs should run IT as a business, meeting the requirements of its internal customers. This refrain has been endorsed by our holy trinity, too: analyst firms, most consultancies and ITIL.

The mobile phone is turning into the platform of choice for banking in emerging markets. In developed markets, however, the phone has struggled to compete with existing payment methods, and the challenges aren't going away in 2010.

Money transfers and payments over mobile phones will be among the top 10 most important mobile applications by 2012, market research company Gartner said on Wednesday.

Nokia is getting ready to launch Nokia Money, which will offer basic financial services on mobile phones, it said on Wednesday.

The U.K. aims to have a plan by the end of this year that lets people use their mobile phones or smart cards to pay for travel across England's public transport system.

I just finished watching the PayPal Platform Preview, which was PayPal's official announcement of their new open development platform (it was previously leaked on TechCrunch). Officially called "PayPal X," the platform was presented by Osama Bedier (VP of platform and emerging technology) in broad, almost utopian terms, as something that would unleash waves of innovation transforming the way goods and services are delivered. Maybe.

iPhone and iPod Touch owners in the U.K. will be able to use their devices to buy and pay for goods using a new application from MoBank.

Citibank is starting a large trial of the use of mobile phones to make credit card payments at retail outlets and other points-of-sale in Bangalore, which the company is branding as "Citi Tap and Pay".

The number of people using mobile devices to purchase goods and services is expected to more than double by the end of 2012 globally, research firm Gartner Inc. reported today.

Mobile payment and mobile commerce applications are proliferating in the U.S., but the adoption of Near Field Communications (NFC) technology that allows mobile phone customers to quickly tap a mobile phone and pay for a subway ride or a grocery store purchase is years away, several industry officials said at a conference here.