Radio Frequency Identification Technology for Logistics, Tagging and EPC

NFC as RFID Evolution

Tuesday, November 2, 2004
Final pieces are being put in place for NFC technology to enable contactless point of sale transactions. The best way to look at NFC, Michielsen says, is as a step forward in radio frequency identification (RFID) technology. “NFC is RFID,” he says. “The chips used in cellular handsets for NFC technology act as both a transponder and a reader. It can be accessed from a reader, like a point of sale terminal – and then the phone itself can also act as a reader and access smart objects like smart posters or smart advertising.”

Given RFID News’ sister publication covers contactactless transaction technology, editors believe there is a (semantic) distinction between RFID and NFC, especially if NFC entails pushing information beyond a basic identification code. [end] 

NFC software provider Sequent Software has joined GlobalPlatform as an Observer Member.

Sequent’s membership enables it to contribute to specifications that ensure the interoperability of secure contactless services. The company, which provides a neutral software and services platform for the developing NFC market, plans to participate in the formation of business requirements and the development of best practices in different industry sectors, according to GP.

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EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, will host its fourth annual EMV User Meeting on June 20 - June 21 at the Courtyard Marriott Downtown in Toronto, Canada.

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A new study reveals the market for RFID transponders, readers, software and services will generate more than $70.5 billion from 2012 to the end of 2017.

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EMVCo, the EMV technology standards body owned by American Express, JCB, MasterCard and Visa, released data showing the growth of EMV acceptance around the world, with nearly half of all payment cards and three-quarters of all payment terminals in circulation being based on EMV technology.

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VeriFone Systems has received certification of its EMV/NFC-enabled payment processing solution from Vantiv, a provider of payment processing services and related technology solutions for U.S. merchants and financial institutions.

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Mobey Forum, a bank-led organization for the advancement of mobile commerce, has welcomed its first non-banking Full Member – northern European payment solutions provider Nets.

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