Print 16 comment(s) - last by Kiffberet.. on Feb 2 at 8:14 AM

Visa NFc payment system  (Source: MarketWatch)
Visa trial is using the iPhone

Near Field Communications hold a lot of promise for smartphone users as it allows them to pay for goods and services without having to dig out a credit card or cash. There are already a number of mobile payment options in use around the world and more are in the works; the question that remains is if consumers will use the services.

Visa is testing a NFC payment system in Europe with the iPhone. The system uses an attachment that plugs into the phone’s dock connector.

Before embarking on the NFC payment trials in Europe, ComputerWorld reports that Visa conducted a survey to see how much interest there was for such a system. The survey was conducted in Poland, Italy, Turkey, and the UK and found that 87% of iPhone users would be willing to attach an add-on to their smartphone to make mobile payments.

The survey reportedly covered 4,100 people in the four countries. Apple is also working on ways to bring NFC payments to the iPhone with a system that would use iTunes as the payment backend. Purchases would be charged to the credit card that the user has on file. Such as system would work well since iTunes is already used for purchases small and large. IPhone users are also very used to paying for things with iTunes.

Apple would presumably get a portion of the purchase price for hosting the transaction. If the fees for the NFC payment systems are cheaper than those charged by credit card companies, it might see quick adoption in retail outlets.

Apple isn’t alone in looking for a way to grab a piece of the $6.2 trillion yearly that consumers spend on goods and services. Google is also looking at NFC payments for Android.

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RE: Trialing it?
By theapparition on 2/1/2011 12:39:23 PM , Rating: 1
Yeah, but the fear mongers here will never support that.

Too much privacy concerns, that the "guberment" or "big bizness" will now be tracking what snacks you buy. Buy too many twixs and you're health insurance premiums will go up. Google takes a picture of a house on a public street and now it's Googles fault you got busted coming out of your sister-in-laws home when you both were supposed to be a work.

On a serious note, yes the Japaneese are much more accepting of new technology. But they also have vending machines where guys can buy used panties, so I'm not quite sure we should be looking at them as role models.

RE: Trialing it?
By FITCamaro on 2/1/2011 1:47:47 PM , Rating: 2
Well those are certainly concerns. I think in Japan those things aren't as big of an issue because its a different culture.

I'm not saying its totally secure. I'm just saying its not new. And if the government takes over health care, you can be damn sure they'll care how many twix's you eat. Look at school lunchrooms right now. They're trying to mandate what schools can and can't sell. Now down to regulating how many bake sales a school can have. I listened to a lady who helped write the law talk about how if she could've, she would've banned all bake sales and such. But the "compromise" was to allow a limited number with the attitude, "well we don't want kids eating this all the time". Last I checked that's a parents job.

In New York they're trying to regulate salt. There are those in Congress who want to heavily tax sodas and such to discourage their consumption.

"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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