MOBILE PAYMENTS: What's Taking So Long, And Who's Going To Win? ... NFC has been overhyped: it's not more convenient than cash or credit, and the many ...
In our special report published today, Business Insider Intelligence lays out the four kinds of mobile payment solutions that currently matter:
Read more: http://www.businessinsider.com/mobile-payments-whats-taking-so-long-and-whos-going-to-win-2012-6#ixzz1yqHClvm7
-- The "Retrofit Contactless Smart SIM Functionality in Mobile Communicators" patent (U.S. Patent No. 8,195,236) relates among others to adding NFC and contactless payment capabilities to existing mobile handsets through the connection of a device to a phone's existing SIM card. This is the foundation of OTI's Contactless Payments and NFC Insert (COPNI). A COPNI-enabled mobile phone enables mobile network operators (MNOs) to provide a true after-market solution to existing subscribers, filling the gap between the demand for handsets with embedded NFC and non-NFC enabled phones already in the market. -- The "Multi-Application Contactless Smart Card" patent (U.S. Patent No. 8,186,602) relates among others to supporting multiple applications and/or payment mechanisms on a single contactless device and operating system.