Amazon Reportedly Considering NFC-Based Mobile Payment System - HotHardware
Amazon Reportedly Considering NFC-Based Mobile Payment System

Amazon Reportedly Considering NFC-Based Mobile Payment System

Well, if there's anything creating tons of buzz this year, it's 3D and tablets. But if there's anything else, it's NFC. Near-field Communication has taken America by storm, just years after taking other continents for a ride. NFC is short for a technology that allows users to pay for items with just a tap of their mobile, and it has the potential to revolutionize the way consumers purchase products. With the saturation of mobile phones so high now, it's becoming more feasible to think of a world where we use phones instead of credit cards to pay for items. And Amazon knows it.

Amazon's obviously a huge, huge retailer, and it would make a lot of sense for them to start invested or at least evaluating the future of NFC. According to a report on Bloomberg, they're considering the introduction of a service that would enable consumers to pay for goods in B&M stores using a mobile handset. Amazon, in B&M stores? It could happen. The company's Amazon Payments unit is reportedly "exploring whether to start a service based on so-called near-field-communication technology."


Google is also talking about doing something similar, so if Amazon jumped in the ring, there'd obviously be a great deal of competition in this space. The plan could even go deeper than just payments, with these same sources confirming that NFC-based marketing services could still be in the mix. "For instance, a consumer shopping for jeans who can’t find the right size in a retail store might be able to tap a handset against the item’s NFC tag to locate the correct item for order through Amazon.com."

No matter what happens here, it's pretty clear that the future of payments is going to get pretty exciting. And frankly, that's a crazy thing to be able to say.
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Cool but scary at the same time. Whose to say that someone won't figure out the encryption method and start skimming payment information in the same manner they do with credit cards and RFID chips. Some protection for the consumer would need to be developed similar to the VISA/MC protections before I would even consider this type of technology. Where is Paypal in this mix? It would make perfect sense for Paypal to be pursuing the same type of technology if both Google and Amazon are.

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Someone always manages to break security on nearly everything. It doesn't matter if it's developed similarly to the VISA//MC protections or some sort of super secure security method. If the'yre determined, they will find a way around.

I mean It's cool to be able to pay with your phone but yeah, I'm kind of worried. Then again I can always look around for signs of something suspicious (like some people do with skimmed ATMs.)

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soon we wont need to carry money, which will be cool

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All I got from that article was the excitement that a B&M may be in shape for Amazon. I just hope they accept other types of payments besides NFC

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