
NFC
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The idea of turning your mobile phone into a digital wallet has a long and fruitless history. People are getting excited again about the prospect of mobile wallets replacing those in your pocket overstuffed with receipts and credit cards because both Google and Apple are pursuing the concept. The key technology that could make mobile wallets a reality are near field communication (NFC) chips. Google is already supporting NFC chips in Android phones such as the Nexus S and is expected to roll out tests of wave-and-pay systems at stores in New York City and San Francisco. Apple has been working on putting its own NFC chips in iPhones since at least last summer, although recent reports suggest the technology won’t be ready for the next iPhone 5.
The Ever-Elusive Mobile Wallet: Why NFC Chips Are Overhyped And Will Underdeliver
Semiconductor solutions provider Inside Secure has released an open source NFC protocol stack for Android 2.3, code-named "Gingerbread," which it will provide to chip vendors, smartphone manufacturers, wireless carriers and software developers for free. The stack, called Open NFC, is the first hardware-independent implementation of NFC (near field communication) for Google's Android mobile operating system. Prior to this launch, Android's support for NFC code would only work with NFC chips from the vendor NXP Semiconducters.

