Photo: Steve Jurvetson via Flickr
Amazon is working on a mobile payments product based on near-field communications technology (NFC), which would let you pay for stuff at the counter by waving your phone in front of a receiver, Bloomberg reports.Amazon already has millions of consumers’ credit card data giving it a unique advantage in the world of mobile payments. Plus, Amazon has been pushing into mobile more and more aggressively with its Kindle platform and app store.
Everyone from Google to Apple to credit card companies to Starbucks are thought to be exploring mobile payments and NFC technology.
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