NFC

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PayPal believes that NFC is not the holy grail of future payment, telling TechRadar that the world could have moved on by the time enough people have the technology on their mobile phones.

Many companies are pinning a good deal of hope on near field communication (NFC) technology, and many of the next generation of handsets will include the functionality.

However, one of the powerhouses of mobile payment, PayPal, has explained to TechRadar its doubts that it will ever fulfil its potential.

“We think it’s a tech and payment industry obsession,” said PayPal’s Rob Skinner.

“a|it’s been seen by some as the holy grail and the problem is, first of all, very few consumers have NFC on their phones and if you think about the high street story, retailers only change their systems a few times a year and NFC makes them do something quite dramatic to their hardware.

“It’s one of those things where maybe, when lots of consumers have NFC on their phones, it might work, but will it be something that they want to use?”

World moved on?

Skinner questions whether NFC will simply fall short of the critical mass needed to convince retailers to upgrade.

“NFC may well be interesting and transformational in a few years time but the reality is that the world may well have moved on by then,” he added

“It’s an interesting piece of technology but it requires a hell of a lot to really change anything.”

Skinner: “It’s an interesting piece of technology but it requires a hell of a lot to really change anything.”

“We are not saying we are anti-NFC; our Android app enables NFC, but it goes back to the point about working across any platform.

“It doesn’t matter if it’s an iPhone or Android, a desktop or a mobile phone – it just happens with PayPal.”

Let’s face it, whether you’re down at the laundromat or feeding the meter on a busy street, you can never find enough quarters when you need’em. Know what effectively sidesteps that lack of foresight? NFC, that’s what. And that tap-to-pay convenience is ready to roll out for folks in Oakland, CA courtesy of Atlanta-based Parkmobile. There’s no great mystery to the company’s purpose — the name says it all — as it specializes in payment solutions for (what else?) parking. With the installment of special near field-equipped stickers on meters throughout that West Coast city, fine-fearing citizens will now have one extra payment option beyond the outfit’s currently available mobile app and internet transactions. Naturally, you’ll have to sign-up online to get started, but after that you’ll never have to fear the meter maid again.

Continue reading Parkmobile adds NFC to its parking payment repertoire

Parkmobile adds NFC to its parking payment repertoire originally appeared on Engadget on Sat, 19 May 2012 01:21:00 EDT. Please see our terms for use of feeds.

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