Near field communication consigns to a short distance communication which can work on either reader and writer mode or peer-to-peer mode, in order to provide card less transactions. Today, the NFC technology is up to building digital wallets, expanding social networking, sharing content, initiating wireless connections and maintaining encrypted identity documents. Sony, Nokia, Royal Philips Electronics, Motorola, Samsung and Microsoft are a few of the companies which stand to be the active participants of the NFC forum since 2004. The forum was later joined by over 140 other companies to promote card-less financial transactions through NFC technology. Few companies are also building the transaction based business model where they might be getting a fee for every transaction.
It was Nokia to release the first commercial NFC-enabled phone in 2007, after which 100s of projects were started in countries across the world to build handsets and devices based on the near field communication technology. Usually the trials for NFC enabled devices will be done in Germany and Malaysia. Smartphone makers and handset creators were happy to have the ‘wave and pay’ where payments can be done instead of plastic credit cards. Listed below are today’s leading NFC Technology Providers across the world.
Being one of the leading providers and members of NFC forum, Google promotes the enhancement of NFC technology. The brand is presently planning to launch the NFC chips on the android platform. This contact payment was started by Google via Google Wallet, through which users can make use of MasterCard, City, First Data or Sprint to make mobile payments. The Google Wallet system is compatible with Nexus S4G and it supports Google Prepaid Card. The latest advancements in NFC technology will enable easy payment and also offer a host of information that include coupons, discounts, financial account information and much more.
2. Apple, Microsoft and Blackberry
Apple was able to launch an iPhone with NFC technology in 2011. On the other hand, Microsoft also is planning to add mobile payment method to its new version of OS. The Wall Street Journal claims that Blackberry devices will have e-wallet capabilities which will be presented up this year. A well-experienced NFC forum marketing committee member says that NFC is in pilot roll-out stage and will be soon introduced as market roll-outs.
Another reputed brand to work out with NFC is Amazon. The company is working towards integrating the NFC enabled mobile payment system in its services.
Next is the Paypal. The company partnered with Bling Nation to install innumerable contactless payment terminals since 2008. Users who are fond of near field communication and mobile phones can swipe it to make payments and get rewards.
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Apart from the above mentioned Big B’s companies like AT&T, T-mobile and Verison all have already stuck into the NFC network. These companies have partnered to take payments through MasterCard, Visa and American Express. Most of the credit card and mobile companies are also taking payments via near field communication. The tap and go method with the NFC technology is becoming common these days and it is expected that the technology will be adopted on a much larger scale in the future.