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    News in brief

    Wells Fargo to launch NFC mobile payments

    News in brief

    US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”

    Filed by Email Rian Boden Published • Last updated 24 May 2016, 12:15

    • Willam Hugh Murray, CISSP

      Really? How innovative.

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