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Updated: Wednesday, May 22, 2013

Work ahead for NFC payments

Advocates for near field communication (NFC) technology first touted NFC-enabled contactless payment cards, and later similarly equipped mobile devices, as the future of in-store payments. However, on day one of the two-day NFC Solutions Summit held at the Hyatt Regency San Francisco Airport in Burlingame, Calif., presenters acknowledged that much work still needs to be done to realize the mass adoption of NFC-based solutions in the marketplace.

In his May 15, 2013, opening address, Smart Card Alliance Executive Director Randy Vanderhoof alluded to "considerable headwinds in getting the ecosystem aligned" for NFC payments. But he said a great deal of the foundation necessary to realize that alignment, both for payment and non-payment related uses, was laid in the last year.

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