Samsung to add payment function to cell phones
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Samsung has decided that mobile devices ought to be able to talk to POS (Point of Sale) systems through the use of Near-Field Communication (NFC) technology. I not sure that I dig this too much. Don’t get me wrong, I am all about new POS technology. But this just seems a little too risky to me.
Samsung Electronics Co. Ltd. and Koninklijke Philips Electronics NV are teaming up to incorporate Near-Field Communication (NFC) technology in future cell-phone models from Samsung, giving users the ability to use their phones to make payments, the companies said Tuesday.
NFC is a short-range wireless technology that can be used for identification and communication. As a communications technology, NFC can allow a cell phone to wirelessly transfer photographs to an NFC-enabled television or computer.
