Pay with a buzz: PayPal announces NFC support

PayPal finally announced the long-anticipated support of NFC (near field communications) transactions for mobile devices at MobileBeat2011. The feature will allow payment requests and authorizations via a couple of taps of the screen and holding two NFC-capable gadgets together. For now, PayPal is using the Nexus S as the flagship demo device. But with the technology being made available to the public in late summer, more NFC phones are sure to be on the horizon. And with a company like PayPal on board, the term NFC will likely become far more appealing to those outside of the hard core geek audience.

Via Android Tapp

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