Wednesday, November 17, 2010

Google's NFC Android phones will let you make contact-free payments.


One of the primary ways NFC will be used within Android will be as a mobile payment system, Schmidt says. Thanks to the chips' short-range wireless capabilities, an NFC-enabled smartphone will allow you to simply wave your device in front of a retailer's sensor and have your purchase immediately placed onto your credit card or banking account. It's something Schmidt refers to as a "tap and pay" method of purchasing -- and its impact could be enormous.

"This could replace your credit card," he says.

Article HERE: PCWorld

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