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	October 30, 2008 NFC Technology Is Revitalizing Mobile Payments, but Mobile Contactless Payments Face Huge Adoption Hurdles by Edward Kountz with Patti Freeman Evans, Alexander Hesse, Benjamin Ensor, Lauriane Camus, Michelle de Lussanet

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Executive Summary

Mobile contactless systems based on Near Field Communication (NFC) offer a much faster way to initiate payments with a mobile phone than SMS or other mobile network-based technologies, providing a clear improvement over earlier mobile payment systems.

Key Questions

• What is NFC, and why is it being considered for mobile payments at the point of sale (POS)?
• How can issuers, operators, and handset manufacturers drive consumer interest in and adoption of NFC-based payment systems?
• What hurdles must NFC overcome before it can drive mobile proximity payments to mass-market adoption?

This is an excerpt

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