BBCNews discusses in Mobiles hope to be 'smart wallet' how mobiles will soon be using wireless technology similar to RFID in order to operate more like 'smart wallets' for entry and payment:
'NFC is a short-range wireless technology like RFID tags, which are used to track stock by retailers. The tags inside phones could have personal information stored in them and so could act as car keys, money, tickets and travel cards. Mobile firms representing 40% of the global mobile market back NFC.Alex Sinclair, chief technology officer of the GSM Association, which represents the mobile industry, said: "Interoperability and standardisation are the fundamental requirements for mobile market success.
"NFC opens up a wide range of possibilities and we are committed to ensuring the mobile industry works together to realise its potential."'
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