NFC’s Future: Cost Vs. Security
Will NFC’s cost barrier prevent it from becoming a significant player in mobile payments’ future, or will its security and flexibility improve its adoption? That’s just one question tackled in the FRB’s new report, “Mobile Phone Technology: Smarter Than We Thought.” PYMNTS.com spoke with one of the report’s authors, Marianne Crowe, vice president of payment strategies group at the Federal Reserve Bank of Boston, about cloud’s role in secure payments, QR codes, card-not-present fraud, and more.
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