Android phone to replace shop till
An interesting article over on theregister.co.uk shows Alcatel-Lucent demonstrating a Google’s Nexus S being used to accept a Near Field Communications (NFC) payment, showing that NFC can do more than replace a customer’s wallet.
Mobile phones are going to replace physical wallets, but for taking payments, merchants still use expensive readers bought (or hired) from the banks. Alcatel-Lucent reckons that becomes unnecessary as its software will use a standard Android handset to enable Near Field Communications transactions.
This opens the way for everyone from supermarkets to market stall-holders to accept electronic payments, though an account with some sort of collection agency will still be necessary. There are also significant security considerations, which aren’t addressed by the company’s demonstration.