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Beacon Potential for Mobile Payments Seen

For the past year or so, Australia’s banks have been telling us that near-field communications, or NFC, technology built into many smartphones is going to usher in the age of the mobile wallet. There’ll be no need to carry a bundle of credit cards crammed into a physical wallet to make purchases, the banks have said: your mobile phone, loaded with electronic versions of the cards, will henceforth do the job.

Read the whole story at The Australian »

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