Mobility

Mobile Payments by Short Range Wireless Connectivity

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Executive Summary

For merchants, Point of Sale mobile payments could provide faster throughput at the checkout and the ability to send real time marketing messages to the consumer. NFC (Near Field Communication) is a short-range wireless connectivity technology which enables the exchange of data between devices over a range of about 10 cm. ISO/IEC 14443 defines specifications for identification cards, contactless integrated circuit cards, and proximity cards, which for the purposes of discussion here the authors will call "Tags". NFC is an evolution of the original specifications used to create RFID tags and contactless payment systems. Mobile Devices equipped with NFC enable applications like chip payments, ticket services, access control and loyalty programs, in such cases the mobile is operated in card emulation mode.

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