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There’s been tremendous debate about whether NFC (near field communication) will play a role in the future of mobile payments, or whether it will slowly fade into the sunset, while other technologies such as cloud-based payments dominate. Payments industry consultant, Todd Ablowitz, president of Double Diamond Group, weighs in on the NFC vs cloud debate.
It’s no surprise that the new iPhone 5 doesn’t include NFC despite the early hype that it would be included. Does this mean NFC is dead? Payments industry consultant, Todd Ablowitz, president of Double Diamond Group, weighs in on what this means for Apple and the mobile payments industry.