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PayPal Cans NFC Plans, Still Targeting Mobile

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Feb 13, 2012, 3:19 PM   by Eric M. Zeman

PayPal recently indicated that it will no longer pursue near-field communications technology for point-of-sale mobile payments. Instead, it will look at other avenues for allowing its customers to make payments from their mobile phones. "By the time NFC catches up, we'll be in a world that will move away from the point-of-sales terminal," said David Marcus, PayPal's VP of mobile. PayPal conducted NFC trials, but in the end concluded that retail outlets aren't equipped properly for NFC. Instead, PayPal will use a phone number and pin code combination to allow customers to access their PayPal accounts to fund mobile payments.

more info at Wall Street Daily »

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what a freaking moron! netboy Feb 13, 2012, 3:36 PM
 
 
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