However, uptake has been gradual due to lack of contactless infrastructure and security concerns
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| NFC Data Inc's NFC Reader, Writer, Viewer Keyfob |
Despite some security loopholes remaining, near field communications technology is gaining a foothold in Australia, according to Visa A/NZ. NFC, which enables data exchanges and transactions to be made between two devices within close range to each other, is expected to be more widely used for contactless payments.The technology will allow consumers with an NFC-enabled smartphone containing their credit or debit card details to make purchases with a wave or tap of their phone on a card reader.“We think it’s a disruptive technology, in terms of plastic cards for payments,” said Ben Pfisterer, Visa’s director of innovation & emerging products, Australia and New Zealand speaking at a recent panel on near field communication.Read More
