Feeds

LG comes to the NFC party

European launch of proximity payments in 2012

The essential guide to IT transformation

LG Electronics plans to launch proximity payments in Europe before the end of next year, putting it into competition with just about everyone else.

The company told Reuters it is already beta-testing handsets, point-of-sale equipment and cloud-based transaction processing systems with a view to putting them into the hands of European consumers next year. LG said it would be sticking NFC into its televisions too, though with the competition launching this year it may be coming late to the party.

Everything Everywhere has already announced UK plans to enable proximity payments using Near Field Communications handsets, before the summer, and Apple will certainly announce an NFC-equipped iPhone this year along with supporting infrastructure. Google and Nokia are already pushing out suitable hardware in the form of the Nexus S and C7 handsets: neither is capable of making payments without a software upgrade, but that's a small matter compared to the provision of payment infrastructure and point-of-sale equipment.

Everything Everywhere will be working with Barclaycard for the point-of-sale, an unnamed manufacturer will work on handsets and Gemalto is to provide the back-end infrastructure. That kind of cooperative arrangement is often necessary, but complicates things. LG will be hoping it can provide a larger part of the value chain, and thus derive more value, but it will still need partners before it can start deploying.

Given the time scales, we're assuming those partners have yet to be signed up, but it's going to be a busy year for signing up payment partners and if LG leaves it too long, all the dance cards might have already been filled. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
EE plonks 4G in UK Prime Minister's backyard
OK, his constituency. Brace yourself for EXTRA #selfies
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.