More announcements coming out of Google I/O: Intuit is showing off a “concept” app for NFC on the Android platform. The app will extend the GoPayments service beyond the current reliance on magnetic card readers.
From NFC Times: “With Intuit’s NFC app, the idea would be to enable consumers to pay for merchandise using “virtual” payment cards stored on their NFC phones, said the company. “To complete the purchase, the customer and small business owner would simply touch their phones together, eliminating the need to swipe a credit card,” said the company in an announcement today.”
Non-embeddable video demo here.
From the press release:
“Built on Google’s AndroidTMmobile platform and using NFC technology with Nexus S by Google, Intuit has transformed its existing GoPayment mobile credit card processing application into one that transfers credit card data via radio waves, eliminating the need for the actual card or any add-on card reader hardware.
Leveraging emerging mobile technology such as NFC, small businesses and their customers may one day soon be able to conduct a myriad of daily tasks on their mobile devices — including paying and getting paid — faster, easier and more securely. All they will need is their mobile device and nothing else.
“With GoPayment we are exploring every avenue for innovation that best meets our customers’ needs, and this includes technologies such as NFC that are still in the early stages of adoption,” said Chris Hylen, vice president and general manager of Intuit’s Payment Solutions division. “Innovation is happening rapidly in the mobile payment space and we want to be ready to help the millions of small businesses and consumers we serve benefit from the latest technology.”