Samsung to add payment function to cell phones
August 31st, 2004
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Samsung and Koninklijke Philips Tuesday said they are teaming up to incorporate Near-Field Communication technology in future cell-phone models from Samsung, giving users the ability to use their phones to make payments, reports Network World Fusion via Engagdet.

8266386741773617.jpg NFC is a short-range wireless technology that can be used for identification and communication. As a communications technology, NFC can allow a cell phone to wirelessly transfer photographs to an NFC-enabled television or computer”.

Incorporating an NFC chip from Philips in Samsung’s phones will effectively turn the handsets into contactless smart cards, with the ability to make payments, according to a joint statement. The phones could also be used as a key card to enter a building, for example.”

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