Saturday, July 16, 2011

Mobile money: The Future is coming soon.

As all the talk of mobile payments and smart phone technology buzzes louder and louder, how this will apply to the gaming industry is obviously a prime focus of Sightline Payments. Given the recent announcements from Google, Apple and other technology leaders, this near-field communication technology (i.e., swiping a cell phone screen across a scanner in lieu of a credit or debit card) will be here sooner than later.

As Sightline Payments CEO Kirk Sanford has said, “Through our technology and processing partners, hundreds of millions of mobile subscribers in the US can one day use their mobile phones to complete transactions quickly and securely while having the freedom to choose the financial instruments in their mobile wallet and subsequently make a transfer into their pre-paid account for gaming entertainment.”

Carriers and credit-card companies like Visa and MasterCard are embracing near-field communications, and NFC is already found in credit and debit cards, and can be accepted at drugstore chains and gas stations. Companies now rely on NFC stickers or memory cards with an NFC chip inserted into mobile phones.

With their experience in cash access solutions for the gaming industry, Sightline Payments looks to be an industry leader in NFC.

No comments:

Post a Comment