Nexus S to Sport Near-Field Communication for Payment Processing?

Michael Liedtke, reporting for the AP:

The new phone will feature a Near Field Communication, or NFC, chip that will enable phones to transmit the payment information of the device’s owner to vendors using compatible technology. The transactions will be completed by tapping a physical point, such as a payment terminal or other objects encoded with the information needed to complete the purchase.

★ Tuesday, 16 November 2010