According to Reuters, LG intends to introduce an NFC (Near Field Communications) based mobile payment service in Europe starting 2012. As Nokia, RIM, Apple, Google, and even Samsung embracing NFC, it’s no wonder that LG also wants to be a part of the game.
Reuters quotes Jin-Yong Kim, vice president for business solutions at LG’s Home Entertainment division, who declared: “The point-of-sale technology, which will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, is currently in beta testing.”
Google’s Android 2.3 Gingerbread have a native support for NFC, and LG has already announced two Smartphone’s that will be upgraded to the new OS (the Optimus 2X and Optimus Black), both of which will likely to feature NFC capabilities. Quiet astounding to know that the upcoming LG Optimus 3D will probably have NFC, too.
It’s estimated that more than 860 million NFC-enabled mobile phones will be in use till 2015. NFC is a short-range high frequency wireless communication technology which enables the exchange of data between devices over about a 10 centimetres (3.9 in) distance. The technology is a simple extension of the ISO/IEC 14443 proximity-card standard (proximity card, RFID) that combines the interface of a smartcard and a reader into a single device. An NFC device can communicate with both existing ISO/IEC 14443 smartcards and readers, as well as with other NFC devices, and is thereby compatible with existing contactless infrastructure already in use for public transportation and payment. NFC is primarily aimed at usage in mobile phones.
Source: Unwired view
