Cell Phones Seen as Emerging Payment Device

As RFID-based contactless payment cards continue to gain acceptance in retail stores, the marketplace is gearing up to embrace cell phones as the next contactless payment vehicle over the next few years, according to speakers at the NRFtech 2008: IT Leadership Summit, held here this month. Shoppers will be able to use cell phones configured for Near Field Communication (NFC) to make

BROOMFIELD, Colo. — As RFID-based contactless payment cards continue to gain acceptance in retail stores, the marketplace is gearing up to embrace cell phones as the next contactless payment vehicle over the next few years, according to speakers at the NRFtech 2008: IT Leadership Summit, held here this month.

Shoppers will be able to use cell phones configured for Near Field Communication (NFC) to make a payment by simply holding the phone near a detection device. NFC is a shor

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