It seems like yesterday when the shouts were loud that the NearField Communication (NFC)train was leaving the station and it was high time for creditunions to jump aboard with tap and go mobile paymentstrategies.
What a difference a year makes. The message now is plain: NFCcan be safely ignored, for the simple reasons that neitherconsumers nor merchants are in a rush to adopt.
“It's a classic chicken and egg situation,” said PatrickSweeney, author of “RFIDFor Dummies” and an expert on NFC. “Merchants have no incentive tobuy an NFC point-of-sale system because customers are not demandingit.”
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