Apple does not need to use NFC to build out its eventual payments system, experts say.
“While I believe NFC is the best way to connect a phone with an acceptance point quickly, reliably and securely, it’s just another presentation format – all of which have established benefits,” industry analyst Todd Ablowitz, president of Centennial, Colo.-based Double Diamond Group, LLC, writes in his blog. “Cloud-based mobile payments are firmly established and last year’s momentum continues. This delay doesn’t slow current advances.”
Payments Source, September 12, 2012
READ FULL ARTICLE