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News

New Media Insight Group to roll out NFC payment solution

Wednesday 9 July 2014 00:09 CET | News

New Media Insight Group, a US-based provider of mobile payments solutions, has unveiled that they are in the final development stages of a near field communication (NFC) payment solution and plan to launch it over the next three to four months of 2014.

NFC is a sensor driven technology that is set to enable merchants and customers to conduct ‘tap-to-pay’ transactions, sourced from their mobile device. Near field communication is enabled by host card emulation (HCE) technology, which is endorsed by Google and is available on all stock Android mobile devices. Also, MasterCard and Visa have both endorsed HCE technology.

In recent news, New Media Insight Group has launched a mobile payment solution dubbed CloudPay.


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Keywords: New Media, Insight Group, NFC, payment, Near Field Communication, MasterCard, Visa
Categories: Payments & Commerce
Companies:
Countries: World
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