NFC: The Killer App For Mobile Payments?
In an article on BillingWorld.com titled "Smart Phones Could Drive New Telecom Business Model", author Susana Schwartz writes about the potential for mobile payments and challenges mobile operators to realize that the time has come for them to "determine what role they intend to play, and how to drive merchants and content providers to their customers and networks." According to Schwartz, "the killer app could be the RFID-driven capabilities fostered by the NFC chips, which will allow users to quickly drill down into financial transactions over their phones through machine-to-machine interaction between the phone and banking systems."
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