MOBILE COMMERCE: Payment 'Stickers' Debut In Denver; First Data, Blaze Mobile show off interim uses of contactless format.(Business Innovation)

Publication: Bank Technology News

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2008 SourceMedia, Inc.

Byline: Glen Fest

The Democratic National Convention did more than confirm Barack Obama's seal on the party's presidential nomination in August. Denver was also a coming-out party of sorts for First Data's near-term answer to the drive toward near-field communications technology.

First Data used the national setting to issue thousands of DNC lapel pins using its new GO-Tag contactless payments features-an NFC "sticker"-which included $10 in preloaded value allowing the delegates to buy concession-stand fare between the convention speeches at the Pepsi Center and Invesco Field.

Applied externally to a phone or other object, the NFC sticker contains a passive-mode chip that serves as a contactless form factor. These versions of the technology are what many proponents see as the necessary precursor to the mobile device digital wallet, and the industry centerpiece of a...

Read the full article for free courtesy of your local library.