Why trusted service manager is essential in NFC ecosystem

Business opportunities presented by using NFC-enabled mobile phones for contactless payment, transport ticketing, loyalty and other exciting new services greatly interest mobile operators and service providers in the banking, transport and retail sectors. NFC is a marketer’s dream come true, opening up a world of new possibilities for “high touch” value-added services such as smart posters that provide on-the-spot wait times and neighborhood maps, electronic coupons and other interactive promotions.

A central issue for large-scale rollouts, however, is: how do you create a mobile payment “ecosystem” that makes it easy for banks and mobile operators to work together?

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