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August 24, 2012


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Chris - my view is that there will likely be a place for NFC in the mix but the cloud-based/software driven m-payment systems are for more interesting in terms of the customer experience potential, are (largely) handset independent and therefore easier to adopt. Additionally, how easy will it be to support NFC from the increasing number of ipad-based POS implementations?
And that doesn't even start considering the inherent complexity of the NFC value chain when compared with most cloud-based systems.
If simple = good (which it does) then NFC is already starting to look like an obsolete technology.


"Barclaycard is now processing over one million contactless transactions per month."

Just for comparison, could you remind us how many card transactions per month there are in the UK? (hint: 2 billion+ per quarter).

Nigel Walsh

I absolutely believe that NFC is the way forward, purely from a convenience perspective. There are 2-3 things we wont leave the house with (nor will Gen Y) each and every day.

1. House Keys
2. Mobile Phone
3. Wallet

We can loose 3 to number 2 and its already happening. Its also much easier to swipe your phone than use an app of sorts. I guess it depends on the size of the transaction. Would you buy a car via NFC, no, a coffee - yes, your groceries, quite possibly.

Im looking forward to it!

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