News - Contactless payments on Android expected this year

[HEXUS]

Google is reportedly teaming up with MasterCard and Citigroup in the US.

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[Noxvayl]

Am I the only person who thinks NFC has some security issues to sort out?

Maybe I'm missing something but it seems NFC makes it a hell of a lot easier for someone who stole your phone or credit card to go and buy as many things as possible before it's blocked. It also makes stealing a phone much more attractive for thieves...

Another thing is the major benefit they keep touting, saving time... I'm not sold on this because I don't mind waiting 20 or so extra seconds for a device to register my pin.

As for Google trying to collect more data, not like it doesn't already happen... All store cards are designed for that exact purpose. If people don't like it they should always use cash for shopping. Wait a minute, using cash when shopping should be just as quick as using an NFC... Perhaps this is the final push away from any sort of physical representation of money. It will be interesting to see how the technology turns out.

[Workaholic]

Apart from the security risk, this technology is great for small and regular purchases as witnessed by the Octopus card in HK, Oyster card in London and another called Jojo in Sweden/Denmark.

With the right checks i.e. Barclays <£20 spend only and Masetro's previous checks of call bank to verify if the card had been used too often or twice in the same shop (to prevent those picking up cards using them.)

[Phage]

Working on this on a certain large sporting project. Looking at queuing times.
Imagine 60,000 people trying to buy lunch at the same time. This isn't us, but is a similar idea.
http://www.globalpaymentsinc.com/UK/...ses/QPRFC.html
There could be real advantages to a stored value e-wallet for NFC in situations where queuing times would be critical.

[HSK]

I think it's good idea, in certain situations I think it really make things quicker and easier.

I often have my phone to hand, more so than my wallet which I like to stuff / zip / button away - for things like picking up lunch or a quick sandwich, under a tenner...it could be a self service case of scan food, scan phone, and go.

Am I thinking straight? I don't know how it would work essentially - if it feeds money out direct from your account, or you top up a certain thing and have that to use....

[Phage]

Two possibilities. A stored value account like an Oyster card, or an extension of your Credit or debit card as per the contactless cards on the market right now.