Tekk News

Tuesday, November 16, 2010

Telecom Industry Creating Payment Network

AT&T, Verizon and T-Mobile are teaming up to create a new "Payment Network" utilizing Near-Field-Communication (NFC) chips. These chips soon to be embedded in future generations of phones, allow for secure and encrypted short-range wireless communication with different devices, including Point-Of-Sale (POS) machines. The idea is to forgo the need to carry credit cards with you all the time, and instead select the card you wish to use in your phone, wave it in front of the POS Receiver/Sensor and done, your items have been paid for. It's a very interesting concept, and one that I am very interested in seeing in action. However, what about the millions of people without NFC Chip ready devices? I've heard rumors that companies will be creating "cases" that will connect to your cell phone which have the NFC Chip embedded in them, but then comes the issue of having to remove the case when you need to charge the phone, which in many cases is a daily occurrence. It's just one more thing we will need to do. All in all, not a big deal, but I can bet that if this technology takes off, most people will opt to get a NFC ready cell phone rather then deal with the aggravation of a new case.

Click Here To Read Original Article

posted at 10:15 AM by Tekk Guy | Permalink |


About Me

Name: Tekk Guy
Country: United States

About Me: I'm that tech guy…you know the one. When things are broken, I fix them. When they don't make sense, I explain them. When nothing is getting done, I do it. When a void occurs, I fill it. When there is silence on the call, I state the necessary. I'm that guy in IT that is relied upon by the competent as the nth tier of support, overlooked by management, and despised by the slackers. An InfoTech professional, aficionado of all things technological. I've been getting my geek on full-time since 1993, and have worked with information technology in some capacity since 1997 including VB 4-6, ASP, .Net, SQL, Java, HTML, ColdFusion, VBS, JS, Crystal Reports, COGNOS and more. I've worked on global scale environments for Fortune 500 companies and as a software engineer for local government agencies. My expertise is in Visual Basic currently in the .Net flavor, and focuses on user applications. I am also currently active in the ASP.Net programming arena, specializing in DotNetNuke Module development, site creation, and administration. Stated simply, if you need to get information from a-to-z, I'm the guy you want to see.

See my complete profile


March 2006
April 2006
May 2006
September 2006
October 2006
January 2007
July 2009
August 2009
November 2009
February 2010
November 2010
April 2013

Recent Entries

Progamming Links

.Net Rocks!

Get awesome blog templates like this one from BlogSkins.com