Tyfone, provider of NFC enabled Memory Cards for mobile financial services, today announced that their Managing Director, APAC, Prabhakar Tadepalli, will be presenting on the evolution and vision for mobile contactless payments at the first forum on alternative NFC mobile payment solutions held in Taiwan on Sept. 8-9.
Tadepalli will address the current mindset in the industry and how alternative solutions are helping nourish the ecosystem to go beyond trials and for consumer deployments in 2011.
The two-day forum on “Alternative NFC Mobile Payment Solutions & Bridging Gaps in the Ecosystem” is organized by the Asia Pacific Smart Card Association (APSCA), endorsed by the NFC Forum and supported by the Committee of Communications Industry Development of the Ministry of Economic Affairs of Taiwan.
According to Tyfone, the forum is the first opportunity for organizations planning NFC mobile payment products and services to compare and contrast different approaches to add-on alternative solutions that can “NFC-enable” existing mobile phones.
“Tyfone’s technology not only expands the universe of NFC-capable mobile phones,” comments Tom Spitzer, Tyfone’s CEO, “it also offers device independence in an issuer-centric model allowing the issuer to control both the channel and customer.”
“With the lack of NFC mobile handsets available today, end-users and all stakeholders in the NFC ecosystem want to learn more about these alternative add-on solutions that can NFC-enable existing mobile phones today,” says Greg Pote, APSCA Chairman. “A contactless SD card-based solution such as Tyfone’s has the added advantage of allowing institutions to neutrally offer NFC.”