NFC Glossary (Near Field Communication)

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NFC Glossary of Terms

As NFC continues to become a more dominant topic of conversation online and offline, we’re seeing more and more acronyms and technology jargon created on a constant basis. To help break down the tech speak into more digestible human-friendly language, we’ve provided this handy glossary for easy reference. Keep it on your bookmarks if you need to, and let us know when YOU find new additions and we’ll be happy to include them here.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

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VISA Calls Out ViVOtech Technology on CNBC

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Thanks for the shout out Stephanie!

Stephanie Erickson of VISA was interviewed on CNBC, Fast Money Thursday talking about their push into contactless chip and mobile phone payments pointing out that its a much more secure solution for making payments over today’s dominant mag-stripe, plastic credit cards.

At minute 2:14 in the interview Stephanie calls out ViVOtech as the contactless reader developer who currently has technology enabled worldwide. In fact, ViVOtech has nearly 1 million contactless NFC readers shipped and over 40 field tests completed successfully, more than all other companies combined.

Watch video here:

2012 is Already a Defining Year for NFC

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Step by step.  Inch by inch.

U.S.: Sprint Nextel Corp this month tippled the number of smartphones it offers with tap-and-go payments technology.

Sweden: 4T Sverige, the joint venture company set up by the country’s four mobile network operators, last week announced plans to launch a mobile payments service that works with 97 percent of current phones and also provides support for NFC.

Australia: Deloitte estimates that 42,000 NFC readers will be rolled out to retail merchant premises this year.

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Contactless Vending Purchase in Switzerland, ViVOtech and Google Wallet

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Hot from the Abrantix blog, a video of a contactless mobile phone purchase via a vending machine equipped with a ViVOtech NFC reader using Google Wallet.

From Abrantix:

We just made the first Google Wallet transaction on our AX-T1 vending machine payment device. The AX-T1 is a controller unit that was specially developed for the vending machine industry. It is a non-Pin payment terminal which supports all kind of card readers. In this case we used a Vivotech contactless kiosk II reader to process a Google Wallet payment card. The payment card in the Google Wallet is an emulated Mastercard Paypass card. Therefore the transaction was processed according to the rules and regulations of Mastercard. The transaction was executed in Switzerland using the ep2 payment protocol. The transmission is done through GSM/GPRS transmission which is supported by the AX-T1. The communication with the vending machine goes through the MDB protocol. The transactions can be authorized either on- or offline.

Read full post here and watch video below:

ViVOtech News Weekly NFC Roundup

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NFC and mCommerce in the news

Catch our weekly snapshot of curated contactless payment, mobile commerce, near field communications, and mobile marketing news from around the globe right here, right now:

This year the contactless ‘wave and pay’ revolution finally begins

by Miles Brignall, The Guardian

Forget the year of the dragon – 2012 is set to be the year that contactless payments really take off in the UK … if those behind the technology are to be believed.

Until now, it’s fair to say the contactless revolution, allowing people to pay for less costly items without having to key in a pin, hasn’t grabbed British shoppers. A mistrust of the technology in some quarters and a lack of interest among some banks haven’t helped.

However, with London 2012 set to be the first contactless Olympic Games, Mark Austin, Visa Europe’s head of contactless, is predicting this will be the year it all takes off. He likens it to the boom in internet shopping that came from a slow start. Once we use our cards “contactlessly,” he predicts, we won’t want to stop.

Read more at The Guardian…

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