Feeds

LG comes to the NFC party

European launch of proximity payments in 2012

Secure remote control for conventional and virtual desktops

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. ®

Intelligent flash storage arrays

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.