Jennifer, security is a major concern in any medium of transaction especially in mobile computing and NFC. Even though there are some standers existing for mobile payment and M comers, still we can say it’s NOT a tamper proof. The tamper proof security is much concerned when transferring vital information’s like bank details, credit/debit card, MPin etc. Since these information’s are passing through air, radio magnetic devices can be used for tapping this information for decoding and misusing (duplicating the credit/debit card) purposes.
In my personal opinion, unless and until the wireless payment mode adopted such encryptions technologies, we cannot say that it is safer than any other payment modes. One thing is dam sure, coming days are for mobile computing and expects a lot of revolutionary changes in this sector. Now a day’s several chip making companies are trying to include security features as in built with the devices - and trying to get more specifics about data privacy and safety.
“In many ways, NFC is not much different from any of other technologies we had adopted so far. The same speculation surrounded credit cards and ATM usage, E-Z Pass highway toll payments, music and movie downloads, Internet and ironically the pervasiveness of cell phones”.
I agree to a point - and I am sure that secure data transfer has been a goal during the development of the technology. But it also has been true in the past that, as security developments evolve, so do the means to breach security. It can be a high stakes game.
Security is always the most important issue when it comes to communication and information transfer.
when social media was used only to share light information between friends, security wasn't a big deal, because people wanted to be found on social media. now secrity is the biggest issue.
When NFC was only used in areas with little or no risk, issues of security didn't come up, now that's it being incoorporated into mobile devices and bigger plans are being made for it, surely security will be taken into consideration.
if NFC security is left in the hands of developers as the NFC forum says, then we might find our selfs with a whole market of NFC devices with just as many security protocols as there are vendors.
One inherently good feature of the NFC is the 4inch transmission zone which helps with security a bitl.
In addition, i think encryption will be a great security features, as well as pairing.
I am of the opinion that while many people are yet to trust the technology, With time security issue will become thing of the past because this is how it has always been with new inventions.If this will make transactions more easier to make, expect some level of perfection soon.
Thanks for looking into the NFC technology. I was one of those curious about this exciting technology. I am however wandering if the security applied to the use of bank cards and credit cards could be applied to payments by cell phone. The store register swipe payments that we are currently familiar with also has its risks which I believe over time is being improved on.
I agree with you that one should be cautious about jumping on the bandwagon since there are these many unknowns about how the NFC technology will operate.
I haven't used it, but, then again, I make a point of not using my cell phone for anything but calls. Those who already use their phone to access information, scan barcodes, etc., I would think would be apt to use it for payment. Places like Starbucks already popularized payment via phone, as mentioned in http://retailtechnologytrends.wordpress.com/2011/01/24/why-starbucks-mobile-payment-system-works/ From what I understand, the phone method of payment is far more common in other countries than it is in the US.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.