Qualcomm Paves Way For Mobile Payments - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Devices
News
2/11/2009
03:11 PM
50%
50%

Qualcomm Paves Way For Mobile Payments

The company has added support for Near Field Communication technology in some of its mobile chipsets, which could lead to phones that can be used as mobile wallets.

Qualcomm envisions a near future where consumers can use a cell phone as a replacement for their wallet. The company has added support for Near Field Communication technology to some of its mobile chipsets.

NFC is a short-range wireless connectivity technology that operates at 13.56 MHz and can be used for a secure, contactless exchange of data. For example, a phone equipped with this technology could be swiped near a compatible terminal to pay for things like products and mass transportation fees. The phone could be tied to a user's bank account, credit card, or other financial account like PayPal.

"NFC technology holds great potential for changing the way mobile devices are used," said Mike Concannon, Qualcomm's senior VP of product management, in a statement. "As part of our ongoing commitment to deliver leading-edge technologies and value to our customers, we are now engaged with leaders in NFC technology to offer reference designs that have this next-generation functionality."

Mobile payments may be seen as the most attractive feature of NFC, but it also offers a larger range of possibilities. For example, a business card could be equipped with NFC technology, and the contact information could be wirelessly transferred to the handset.

Mobile phone users in Japan have been using this technology for years to pay for products and tickets, but it hasn't really caught on in many parts of the world. The GSM Association is trying to push adoption, and it recently called for mainstream cell phones to sport NFC technology by the middle of this year.

Nokia recently brought out a cell phone that utilizes this technology. The 6212 is a 3G handset with a candy-bar design, and can be used as a mobile payment device.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Commentary
The Growing Security Priority for DevOps and Cloud Migration
Joao-Pierre S. Ruth, Senior Writer,  9/3/2020
Commentary
Dark Side of AI: How to Make Artificial Intelligence Trustworthy
Guest Commentary, Guest Commentary,  9/15/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
Slideshows
Flash Poll