Imagine this, “You come into a coffee shop as a “mobile guest“, you order something. You check if you have enough electronic cash on your mobile phone. Pay for it with your cell phone using secure short range wireless communications meant for transactions.”
Qualcomm is bringing this closer to reality with it’s recently released near field communication technology embedded into certain models of it’s chipset products. Qualcomm is helping accelerate the commercial availability of mobile handsets featuring the short-range technology and is engaged with leading NFC solutions providers to develop reference designs based on the Company’s Mobile Station Modem™ (MSM™) chipsets. NFC is a short-range wireless connectivity technology operating at 13.56 MHz and transferring data at up to 424 Kbps.
NFC technology is well suited for payment, mass transit, ticketing and other similar applications requiring a quick and secure contactless exchange of data between devices that are in close proximity to each other. [via Qualcomm]