Printed from http://www.electronista.com

Paypal starts up NFC-based Android payments

updated 02:55 pm EDT, Wed July 13, 2011

Paypal demonstrates NFC payments on Nexus S

PayPal at the the Mobile Beat 2011 conference in San Francisco Wednesday showed off its first Near Field Communications (NFC) widget for Android-powered devices. During a demonstration, funds were transferred simply by running the widget and tapping two Nexus S phones together. The new PayPal NFC widget lets users send or receive money. Holding phones together until they buzz, then entering a PayPal password or mobile PIN is all that's required to complete the transfer.

PayPal is one of the largest non-bank wireless payment companies, and has relied on apps for mobile payments.

The payments thus far work only on the Nexus S phone. Once more phones launch, the widget won't require any specific modifications, as Google offers the same peer-to-peer NFC feature in its development kit. It uses an encrypted token between the devices and not the NFC secure element used to store secure credit card information.

The widget is expected to launch later this summer. [via VentureBeat]





By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Sponsor

toggle

Most Commented

 
toggle

Popular News