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Consumers May Limit NFC Transactions PDF Print E-mail
Consumers may use their cell phones or other mobile devices for in-store payments, but most want to limit wireless payments to a single payment card, according to new findings from technology research firm ABI Research.

The preference for just one mobile-payment-enabled card stood out in results from the mid-November survey of more than 1,000 U.S. consumers, according to principal analyst Jonathan Collins. Such cards would be capable of handling transactions from devices empowered with near-field communication (NFC) technology. NFC enables handsets and payment terminals to exchange data with each other at short distances.

Consumers said they also were concerned about fees. In mobile payments, these could come from financial institutions as well as telecommunications providers in the form of a charge for data traffic, similar to the way text messaging is priced.

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