One of the biggest technology companies in the world recently received a patent that it could use for merchant services with near field communication technology.
ISO&Agent reports that on November 15, the U.S.Patent and Trademark Office granted 31 different patents that related to NFC technology and included a location-based service using global positioning technology. According to the news source, many in the industry have been speculating Apple was likely to get involved in the process, after it hired the former mFoundry executive Benjamin Vifier.
A study by Eurosmart released on November 15 found that NFC device shipments were expected to total 120 million in 2012 after totalling 80 million this year.
“The momentum we see here assures us that NFC is the future for mobile-payment development,” said Jeff Miles, NXP vice president of mobile transactions in an interview with the source.
Other reports have touted the positive aspects of NFC technology. The 2011 report “Mobile Payments in the United States: Mapping Out the Road Ahead,” revealed that, among other things, using the technology helped to keep data safer.Back To Blog