The Future Mobile Money Service
ABSTRACT :
In this paper, we explore new ways in which Near Field Communication (NFC) can be used on smart phones. NFC allows for contextual application invocation
(CAI)— the execution of code on the phone as a result of our environment . We can launch applications because of contextual information we learn from another transaction on our phone, or we can associate context with a virtual token to recall at a later time. We can also pass context from one phone to another so the devices can interact in a multi-party session. This paper presents a number of compelling applications using CAI and a ddresses the associated security and usability concerns.
In the launch and the demos of Nexus S smartphone (manufactured by Samsung) by Google, NFC was defined as a technology that allows two active devices embedded with chips transmit small pieces of data between each other when they are in close proximity of 1cm-4cm via short range wireless connection and at low speeds of 106-414 kbps, depending on the configurations. It is a low friction setup because of the close range that two
NFC enabled devices can setup a connection. Remember RFID (Radio Frequency
Identification)? That started it all, and it 's been around the world since the 1990s.
RFID microchips are installed in reader tags that can be found in a number of everyday items, they 're found in supermarkets, supply chain equipment,
INTRODUCTION : luggage tags, and even ― “smart” ID
Near Field Communication more badges. There 's a RFID chip installed on commonly known as NFC, a brainchild of credit card that, when tapped on the point
Sony and NXP semi conductors, is at the of sale, will complete your purchase bottom of the wireless totem pole (Brad without needing to go the ― “oldMolen, 2011) fashioned” route. Since NFC is based on the same technology, it‘s easy to mistake it for RFID. It takes the same type of chips and bumps it up a notch by adding
References: Cryptology ePrint Archive, Report 2010/332, 2010 specification. 2007.