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Easy access key to e-payments

James Hutchinson (via AFR) | July 9, 2013
Car keys, a running shoe accessory or a virtual credit card that switches issuing banks at the touch of a finger could be the main way we pay for goods in the near future.

Mr Cairns was in Australia this week to negotiate patent licences with major banks and telecommunications companies, and pitch NFC Data's technology which stores a consumer's identification information online, rather than on a physical device.

The company was founded by entrepreneurs including former Aussie Home Loans chief executive Stephen Porges and Australian inventor Keith Benson, whose patents are involved in a lawsuit in Britain between NFC Data and a global phone manufacturer involving damages of up $US400 million.

 

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