Does Mobile Payment Need NFC?

MobilePayUSA offers a mobile payment solution that doesn’t require NFC

Mobile payment has gotten a lot of buzz lately—whether it be through NFC, QR codes, or both. Now, MobliePayUSA is exploring a Point-Of-Sale (POS) payment system that would not require NFC enabled mobile devices. Their solution to mobile payment would be more secure than existing solutions. Since credit card data would be stored with a trusted 3rd party rather than on the phone itself or merchant’s servers, it would prevent hackers from stealing personal data off of smartphones.

In addition to serving as a mobile payment application, MobilePayUSA will go beyond credit cards and store debit cards, store credits, gift cards and virtual currency. Even coupons and loyalty cards will be made a part of the mobile payment application.

Currently, MobilePayUSA is working with providers to pilot their system at select Flippin’ Pizza and Tutti Frutti Frozen Yogurt locations in California.

I’m excited to see more non-NFC mobile payments being explored. The time for mobile payment is now, not in a few years when everyone has an NFC enabled phone. Do you think mobile payment systems like MobilePayUSA will catch on, or will the big move toward mobile payment only come with NFC? Share your thoughts by commenting below, or on our Facebook or twitter pages.