G&D SIMs breathe new life into NFC
Sep 12, 2013 (MarketLine via COMTEX) --
A new range of SIM cards developed by technology firm Giesecke & Devrient (G&D) promises to address some of the problems faced by NFC, meaning that it could yet become a mainstream payment method.
NFC is a struggling technology, with problems regarding penetration among both merchants and consumers, compatibility between NFC schemes and smartphone models, and difficulties with trials. The cross-compatibility issue, however, can now be addressed by G&D's SkySIM CX range of NFC-enabled SIM cards. These act as secure elements and are able to support multiple NFC applications including loyalty schemes, transport ticketing, and payments.
Network operators are therefore given a more compelling business case for NFC, as the cards will remove the compatibility restrictions that have previously held the technology back. The ability to set up secure "containers" on the cards also provides revenue from service providers, which pay a fee to use these secure areas to run their applications.
These cards may also be able to partially unite the fractured market by preventing hardware (or mobile networks) being tied to particular NFC schemes. Smart devices with NFC capability can use the SIM as a secure element for previously unsupported NFC applications, while non-NFC capable devices can use the card to add this functionality.
By addressing such issues and incentivizing network operators, G&D's SIM cards could give NFC some much-needed momentum that may yet see it become a mainstream payment method.
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