Near field communication: an assessment for future payment systems

In this paper, we present an assessment of near field communication (NFC) in the context of a payment market. During these past years, we have been witnessing a number of mobile payment trials based on NFC. Early experiences are already quite encouraging and many expect NFC to become a highly efficient and effective technology for mobile payments. The objective of our research is to evaluate in a systematic manner the potential of NFC as an upcoming technology for mobile payments. In order to ensure the rigor of our research, we used a formal and structured approach based on multi-actor multi-criteria methods. Our research provides one of the first assessment of NFC and a realistic picture of the current Swiss situation as we involved numerous mobile payment experts. Our findings show that Swiss industry experts are quite enthusiastic about the future of NFC. A previous version of this paper was presented at the 6th international conference on mobile business, 2007. “Jan Ondrus, Yves Pigneur, An assessment of NFC for Future Payment Systems, Proceedings, Sixth International Conference on Mobile Business, 8–11 July 2007, IEEE Computer Society, ISBN 0-7695-2803-1.”