NFC payments impact will be slight, says IEEE fellow
30 April, 2012
category: NFC
NFC-enabled mobile payments may not have the kind of immediate impact the likes of Google and Isis are hoping for, according to Institute of Electrical and Electronics Engineers (IEEE) fellow Jack Winters.
In an interview with Network World, Winters said that he sees no reason to switch from credit cards to NFC mobile payments, and that the technology won’t have a major impact on the payments landscape until it is available everywhere.
“It’s something that can be useful, but not until the majority of phones have it,” explained Winters. “I use my credit card for $2 payments sometimes and until I’m blocked from using it I don’t see NFC becoming widespread.”
On the wireless front, Winters sees cloud-connected home devices and security systems as more promising.
“You shouldn’t have to call home to see if your lights are on at home,” he said. “There should be something that’s monitoring everything going on in my life and warning me if anything is out of whack or requires my attention … the trend is between complete connectivity, and not just between users but between the wireless devices themselves.”
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