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

Advertisement

Recent Reviews

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Advertisement

toggle

Most Commented

 
toggle

Popular News