NFC and Mobile Payments | Rodrigo García
The future of mobile payments and banking has become a hot topic of research and study. This can be seen in the huge change in banking customer service to plastic credit cards being replaced with mobile applications. However, I believe there are risks about near field communication (NFC) business services and the resulting customer behaviors.
NFC AdoptionNear Field Communication (NFC) is a key technology for the development of mobile banking. There are many mentions of it including rumors of the iPhone 5 with NFC capabilities or Google Wallet . However, is there really a business for card processors?
It is not hard to imagine how much money MasterCard or Visa makes for payments processing fees all over the world. With mobile payments this revenue model becomes more difficult, because technology providers become the new intermediaries adding an extra cost to the business plan.
Merchant adoptions is another weak point in this strategy. Imagine tiny shops trying to operate sophisticated NFC readers, or low-tech users trying to deal with the applications in their phones. While any revolution in technology is disruptive, this can become more disruptive because of the number of players, regulations and behaviors in the market. Thus it makes it very difficult to think there will be a massive adoption of this technology in the short time.
So what about Square, the mobile credit card payment system?In my opinion Square is doing very well because of their product design: An easy mobile application for merchants or people to receive payments with credit cards. With Square, the only change is on the merchant side as opposed to other solutions (credit card holder + merchant). Also the technology they use to develop their service is easy (just plug in the credit card reader into the audio jacket of your iPhone). This ease of use makes makes the product a viable solution for low income economies.
Here's the next wave of credit card payment acceptance technology - Video here: 
Enjoy Wireless Credit Card Processing Today: In today’s age of cutting-edge technology, credit card payments are... 
Enjoy Wireless Credit Card Processing Today: In today’s age of cutting-edge technology, credit card payments are... Wireless Credit Card Technology - Bookshelf
802.11 wireless networks, the definitive guide
This updated edition covers everything you'll ever need to know about wireless technology.Wireless
A major collection by the Hugo Award-winning author of Accelerando and Saturn's Children includes an original novella and a selection of speculative-fiction ...Technology, a world history
Technology
When you try to define technology you may not even think about stone tools such as scrappers, cutters, hammers, axe heads and arrow heads, ...How to Repair Your Credit Score Now, Simple No Cost Methods You Can Put to Use Today
These laws are found in the Fair Credit Reporting Act. This book will show you how to use your legal rights to increase your credit score.Guide One Directory
Wireless Devices - Credit Card Terminal.com
Credit Card Terminal.com offering Wholesale prices on Wireless devices, VeriFone, Hypercom, Lipman Nurit, Way Systems and Apriva equipment including ...
Wireless Credit Card-Wireless Credit Card Manufacturers ...
Choose Quality Wireless Credit Card Manufacturers, Suppliers, Exporters at Alibaba.com. ... Home > Showroom > Search : wireless credit card 289 Products ...
Wireless identity theft - Wikipedia, the free encyclopedia
that some cards' scanned stolen data quickly yielded actual credit card numbers and ... Credit card issuing agencies have issued denial statements regarding wireless identity ...
Wireless Credit Card Processing and Wireless Payment ...
North American Bancard is a leader in wireless credit card terminal technology, and can provide you with the knowledge and experience that your ...
wireless credit card acceptance can boost the bottom line
Truly mobile point of sale credit card technology is here, allowing businesses on the go to take plastic without cumbersome equipment, ringing up more sales faster.