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MasterCard has been looking into mobile payments since 2001, says James Anderson, VP, Mobile at MasterCard. It has explored the industry by offering things like PayPass-enabled credit cards, PayPass key fobs and even PayPass stickers, all of which allow consumers to pay for items with tapping, instead of swiping a card. Today, the company is delving into the use of an emerging technology called NFC, or near field communication.--
Source: http://feeds.nytimes.com/click.phdo?i=b9d703370b328ffd0df4f3bf2bffb5de
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