Microsoft plans to include mobile-payment technology in new versions of its Windows Phone 7 operating system for smartphones, Bloomberg reports. The first devices boasting these features may be released this year.
The phones running Microsoft’s new software will be based on so-called Near Field Communication (NFC). NFC technology allows for short range wireless communication between two devices for the purpose of data exchange. NFC is a key component to the upcoming mobile payment and mobile wallet systems. NFC technology enables payments and also lets consumers use a handset for other tasks, such as redeeming coupons and loyalty points at local merchants.
Read more at TECK.IN: http://teck.in/windows-phone-7-gets-mobile-payment-technology-report.html#ixzz1IY2f0Q2w
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This is actually superb that NFC is a key component to the upcoming mobile payment and mobile wallet systems.simply amazing thanks..
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