NFC – Near Field Communication Can Replace Credit Cards in the Future

Sara Cunningham February 26, 2013 0

NFC – Near Field Communication is starting to go out of its way to make a name in the market today. It is the software that can allow easy connection of the internet to any applicable device. The software is now gaining its popularity in the market but not so much to the consumers. It is starting to get support from other leading brands and business type in the market.

Visa, in partnership with Samsung, has confirmed today that they will support NFC in propagating its technology. It was confirmed today at the Mobile World Congress in Barcelona, Spain. Visa will work with Samsung on launching PayWave. PayWave is an application that will be available in Samsung devices to make banking transactions easier, faster and more secured. It will be available in soon to be released devices with the software.

NFC – Near Field Communication Can Replace Credit Cards in the Future

During a press release, Won-Pyo-Hong, the president of Media Solution Center of Samsung stated and we quote:

“The partnership with Visa represents a step towards a global mobile payment platform. We believe that we have a strong value proposition for financial institutions that will ultimately allow consumer choice in NFC payments.”

The software, NFC will give a more secured flow of banking to consumers. It will provide a smooth flowing process in any banking transaction. The users will also enjoy a payment type that has a secure mobile infrastructure.

Once the program has a greater chance of being successful, it will have a formal and big launch. It has already been introduced during the Mobile World Congress 2012, which was held last year. Several companies are expressing its interest in using the program in commerce. There is also a rumored plan that the program might replace credit cards in the future. Companies like PayPal, Google and AT&T have started this type of system.

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