An oft-mentioned potential problem with the widespread adoption of mobile wallet technology in the near future is that many smartphones simply do not have the capability to complete such a transaction. Now, one developer is working to roll out more functions for those who use them.
Samsung currently makes the only smartphones on the market that come with built-in near-field communication technology, which makes mobile wallet transactions possible, and it is now pushing a new way for consumers with these devices to use them, according to a report from CNBC. This will be done with a new product it is developing known as “TecTiles.” These cost $15 per pack of five, and will be available from a number of well-known retailers.
In short, these devices are stickers that attach to anything, and can be used in conjunction with certain Samsung smartphones – specifically, the Galaxy S II, Nexus, Nexus S 4G, Nexus S Blaze 4G or the upcoming S III – and tell phones to do any number of things, the report said. All that remains be done once the sticker is attached is for the user to download the TecTile Android app.
The chip contained in the sticker can actually be used in several ways, even beyond its use in mobile wallet transactions, the report said. For instance, they can be used by business owners for customer check-ins, or for owners to get their phones to perform certain functions, such as set an alarm or automatically send an email or Tweet, with just one wave.
The hope on Samsung’s part is likely that the greater convenience these stickers allow for NFC-enabled smartphone users, which in turn might encourage more people to adopt them, the report said. That, therefore, could lead to greater use of mobile wallet technology, which itself would be a boon to companies in a number of industries.
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NFC technology is expected to be rolled out as a standard feature in more smartphones within the next year or two, as many companies now have skin in the game for mobile wallet technology, and will try to encourage greater use of these systems on consumers’ part. Lack of availability is typically considered one of the most pressing issues impeding widespread adoption. The other is consumer fear over the systems’ security.
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