Mobile Wallets and NFC are back in the news!
NFC – Near Field Communication – or the ability of the mobile device to complete a purchase or transaction much like a traditional credit card, except that the middlemen in the transaction can now be changed. And the POS terminal can be eliminated!
Implications for the credit card companies, banks, wholesalers, merchant account providers, and retailers.
Two interesting newcomers to watch:
Thanks to Stewart Wolpin and Terra
How ‘NFC’ and Mobile Wallets Will Change the Way Retailers Do Business – Terra USA