NFC - Near Field communication, the term itself describes what this is all about. Communication that occurs when both the devices are less than 4 cm away. It's a short-range wireless technology that allows two devices to communicate when they are in very short range. Usually used in mobile devices to make payments, sharing data, unlocking doors, etc.
Project trials and Full-scale deployments is on the go across all the continents.
One such event occured today in New York City. Google introduced Google Wallet, a contactless near field communication (NFC)-based cell phone payment platform.
The company is teaming up with Citibank, Mastercard, Visa and many other retailers to roll it out.
Basically what Google Wallet does is, Next time you go to Walmart, Kroger, Hollister, Americal Eagle Outfitters or any of these stores, you will not require your wallet to pay, but instead you can use your cell phone to make the payment. The Cell phone also shows up if there were any coupons for the product available online, and scans the coupons automatically, paying only the rest of the amount. You don't have to swipe your card, enter 4-digit pin, or even sign the transaction. Everything is handled by the Google Wallet Phone Pay. Just wave on the card reader with less than 4 cm distance, and that's it - Transaction Complete.
You will have your Citibank, Visa or Mastercard Credit card / debit card, or gift card details fed to the cell phone prior making any transactions, and this feature to work.
Google plans to introduce first in bigger cities like New York and San Francisco. Click here for more info.
Here's a look at Photos of Google unveiling the platform:
Click here for Google Wallet Photos
Find more information here.
Source:
theregister.co.uk
eweek.com
International Business Times
Wikipedia
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