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Electronics & Test
New Payment Methods Are Aimed at People on the Go
4/26/2013

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NFC lets devices share information at a distance of less than 4cm and at a maximum communications speed of 424kbps. The bidirectional capability makes it ideal for establishing connections with a simple touch.(Source: NFC Forum)
NFC lets devices share information at a distance of less than 4cm and at a maximum communications speed of 424kbps. The bidirectional capability makes it ideal for establishing connections with a simple touch.
(Source: NFC Forum)

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Nancy Golden
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Platinum
small business user
Nancy Golden   4/29/2013 10:01:28 AM
NO RATINGS
I wonder how affordable these models for mobile payment capability are for the small business owner or are they aimed at larger companies with an ability to invest in an expensive infrastructure? I own a company that used to make portable trail obstacles for horses. We would often go to remote locations with our products where we would loan the use of them for a trail competition and have a table set up for selling our products afterwards. A major frustration was that while our products were very well-received, people did not come to trail competitions with enough cash or with their checkbooks to purchase one - we lost the immediate sale opportunity due to their inability to pay. If a person had a means to buy on the site of the trail ride - problem solved. However, with our small profit margins, any of these mobile payment methods would have to be very affordable...

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