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Verifone to include NFC technology in all new point of sale terminals [The chicken or the egg]

Categories: Mobile Payments
By: , IntoMobile
Friday, March 4th, 2011 at 3:54 AM

Near Field Communication (NFC) technology is something we’ve been covering for years, and with each article we publish about the magical capabilities it promises to bring to our daily lives we can’t help but feel a bit let down that it’s been taking so damn long to get off the ground. With NFC support now baked into Android 2.3, and the Google Nexus S selling both in Europe in Asia, one often glanced over problem is that the shops, restaurants, bars and cafes we visit don’t yet have the capability to accept payments from the glut of devices slated to hit the market this year that are near field enabled. That’s due to change now that Verifone, one of the largest provider of point of sale terminals, has promised that all of their new equipment will ship with support for NFC.

This is big news since the wheels are now officially in motion for NFC to be adopted by not just consumers, but retailers as well, at a very significant scale. Yes, it’s going to mean that the places you visit will have to invest in new hardware, and yes, it’s going to mean that employees are going to have to be trained on how to use new said systems, but finally, after waiting for so long, the future we’ve been hearing about is now starting to look a little closer.

Now of course buying things isn’t the only cool thing you can do with NFC. For one thing, we’re not going to have to exchange long strings of digits with new people we meet. And soon we’ll be able to tap everyday objects, even posters, and get more information about them. But come on now, not needing to carry a wallet? That’s the killer app right there, that and loyalty cards that will no doubt increase consumer spending.

About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.