Approval of NFC specs to enable wireless payments

06/5/2006 | Networking Pipeline

The NFC Forum announced a technology architecture and the first five specifications for near field communications technology, which is designed to enable secure payments via mobile phones. The specifications will work with the infrastructure used by telecoms, handset makers and other companies in related businesses, experts say. Widespread deployment of compatible phones is expected to happen in 2008, ABI Research Director Erik Michielsen said.

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