Rob Pegoraro's post | Latest updates on Sulia
As NFC gets another turn in the spotlight, PayPal president (mostly) trashes NFC payments.
Using Near Field Communication (NFC) wireless to pay for things may fit in a sci-fi movie, but in reality it runs into the problem that credit cards work and almost everybody has one.
And as Mobile World Congress pushes the NFC vision, one of the larger exhibitors here doesn't think NFC payments will go many places.
I sat down with PayPal president David Marcus Tuesday; after some banter on the mobile ecosystem, I asked about NFC.
"For the past six years now, they've been saying NFC is going to be big next year," he said. "Well, here we are again."
While allowing that for transit fares, "NFC makes total sense," Marcus noted that systems like PayPal's order-ahead option and Square Wallet (okay, he didn't cite that) eliminate the need for an in-person transaction. "The new world is distributed checkout." Maybe not for everybody, but for more people than NFC.