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NFC-Capable Mobile Devices for Mobile Payment Services

NFC-Capable Mobile Devices for Mobile Payment Services

S. Karnouskos
Copyright: © 2007 |Pages: 5
ISBN13: 9781599040028|ISBN10: 1599040026|EISBN13: 9781599040035
DOI: 10.4018/978-1-59904-002-8.ch118
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MLA

Karnouskos, S. "NFC-Capable Mobile Devices for Mobile Payment Services." Encyclopedia of Mobile Computing and Commerce, edited by David Taniar, IGI Global, 2007, pp. 706-710. https://doi.org/10.4018/978-1-59904-002-8.ch118

APA

Karnouskos, S. (2007). NFC-Capable Mobile Devices for Mobile Payment Services. In D. Taniar (Ed.), Encyclopedia of Mobile Computing and Commerce (pp. 706-710). IGI Global. https://doi.org/10.4018/978-1-59904-002-8.ch118

Chicago

Karnouskos, S. "NFC-Capable Mobile Devices for Mobile Payment Services." In Encyclopedia of Mobile Computing and Commerce, edited by David Taniar, 706-710. Hershey, PA: IGI Global, 2007. https://doi.org/10.4018/978-1-59904-002-8.ch118

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Abstract

An old saying coming from the telecom world states that nothing can be really considered as a service unless you are able to charge for it. As we move towards a service-oriented society, the necessity to pay in real time for a variety of services via different channels anywhere, anytime, in any currency increases. According to Gartner (www.gartner.com), worldwide mobile phone sales totaled 816.6 million units in 2005, a 21% increase from 2004. Due to the high penetration rates of the mobile devices, they pose an interesting candidate for the real-time payment scenarios. Several efforts have already been done (Karnouskos, 2004), but as new technology comes aboard, new capabilities are also brought along. Near Field Communication (NFC) is such a technology, which due to the industry support and its low cost (in comparison with similar ones) may become dominant in short-range communication among a variety of devices, including mobile phones. NFC is well equipped in order to facilitate mobile payments with little interference from the user side.

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