Phone pay services have really caught on, thanks to Near Field Communication (NFC). For years it's been in the sort of access cards that are held near a sensor plate for admission to secure buildings.
Banks partnered with Apple and other services and phone manufacturers to pair NFC mobiles with tills. It's almost given a fresh meaning to the term 'pay phone.'
With NFC everywhere, could bank cards and passcards drop out of regular use altogether? Imagine an employer simply emailing a link to a new hire, pairing their mobile with company buildings.
As the United States adopts chip technology in bank cards, they're already too late: mobiles can now conduct sales between themselves. Staff are all over the shop in modern retail spaces: doing outreach on site and closing with NFC.
Bank cards haven't supplanted cash; could NFC? Naturally, it’ll come down to cost. NFC payment will need to have the same overhead cash does – zero – before it has a chance to replace coin and scrip. that zero may yet be attainable.
Mobile ownership is approaching the status of a workable baseline. Less industrialised regions of the world have deemed telephone lines impractical and have gone straight to mobile networks for their communication infrastructure. The operators of mobile networks already saturate their markets, handing out phones for free and working that cost into usage.
New applications from ticketing and coupon kiosks to finding and making contacts in the field promise to make NFC even more powerful. The access and payment served by NFC today may well expand into quite a sophisticated extension to the interactive abilities of our own minds.
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