NFC Losing Ground, Reports ABI Research

Payments for taxis, parking and movies may prove less patient in waiting for new technologies than E-Commerce, a move that could be a bad sign for once-promising mobile payment method Near Field Communication (NFC), according to a new report on Tuesday (Dec. 9) from ABI Research.

With a headline "NFC No Answer for Mobile Payments," ABI reported that "once, NFC was the leading contender among technologies that could enable mobile payments. But NFC has developed more slowly than anticipated and will not offer viable large-scale mobile payment solutions for at least six years." That will open the door for SMS, mobile Internet and downloadable mobile applications, the research firm wrote. We should add that 2-D barcode was once seen as a placeholder for NFC, but unexciting trial performance for 2-D has increased support for alternative alternatives.