For Mobile Payments, Near-Field Communication Is Dead on Arrival. This Hail Mary Is Its Only Hope

Before you go, we thought you'd like these...
Before you go close icon

The future, as they say, is now. Equipped with a Google smartphone in your pocket and a MasterCard enabled cash register at your favorite store, you can purchase your weekly groceries without opening your wallet.

Of course, it won't work if you, like me, use an Apple iPhone. Or if your grocery store hasn't upgraded its point-of-sales system to accept these payments via near field communication, or NFC. 

According to Brandon Workman, a mobile industry expert and writer, this is exactly the reason that NFC is dead on arrival. In the video below, I interview Brandon to get his assessment of the market's reception to NFC, and also to find out exactly what it will take for this tech to make it into the mainstream.

The fight for your wallet is quietly waging in your living room, too
Television, like payments, is on the verge of a transformation. The companies that prevail in this epic disruption could go on to earn their shareholders untold sums of money. And the companies that lose could very well end up in bankruptcy court within a matter of years. With this in mind, our top technology analysts created a groundbreaking free report that sorts out the likely winners from the losers. In doing so, they reveal the handful of companies that are best positioned to make their shareholders exceptionally rich over the next few decades. To download this invaluable free report before the rest of the market catches on, simply click here now.

Have a comment or question about real estate, banks, or financial stocks?  and leave your question or comment!

The article For Mobile Payments, Near-Field Communication Is Dead on Arrival. This Hail Mary Is Its Only Hope originally appeared on

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Apple, Google, and MasterCard. The Motley Fool owns shares of Apple, Google, and MasterCard. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading