Question: How could this technology affect the telecommunications and consumer banking industries? In a country where cash is king and almost everyone owns a cell phone,

How could this technology affect the telecommunications and consumer banking industries?

In a country where cash is king and almost everyone owns a cell phone, Japan's NTT Decomo led a major drive into mobile payments and m-commerce. The mobile phone carrier pioneered the use of near field communication (NFC) chips inside its cell phones, enabling them to exchange data wirelessly over a few centimeters. Subscribers to Docomo's wireless network can pay for their cappuccinos at participating stores by tapping their cell phone against a special terminal or just waving it nearby.

Step by Step Solution

★★★★★

3.38 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The use of near field communication NFC chips in mobile phones has already begun to revolutionize th... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Introduction To Information Systems Questions!

What are the risks for consumers and retailers? What are some ways that these risks could be overcome? In a country where cash is king and almost everyone owns a cell phone, Japan's NTT Decomo led a...

Do you predict mobile payments will become dominant in the United States? Why or why not? In a country where cash is king and almost everyone owns a cell phone, Japan's NTT Decomo led a major drive...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Case Study #1 Mobile Payments and the Digital Wallet In a country where cash is king and almost everyone owns a cell phone, Japans NTT Docomo led a major drive into mobile payments and m-commerce....

CASE STUDY #1 Mobile Payments and the Digital Wallet I n a country where cash is king and almost everyone owns a cell phone, Japans NTT Docomo led a major drive into mobile pay- ments and m-commerce....

include an introduction consisting of describing the background of the case study. The review and answers should follow the standard The body of the paper should consist of the answering of all...

Case Study #1 Mobile Payments and the Digital Wallet In a country where cash is king and almost everyone owns a cell phone, Japans NTT Docomo led a major drive into mobile payments and m-commerce....

Individual Case Analysis Four cases are available from Harvard (see first : Case pack of 4 cases available at: http://cb.hbsp.harvard.edu/cbmp/access/49960103 ). Answer each of these questions in...

Int. J. Business Excellence, Vol. X, No. Y, xxxx From stale to spicy to superb: a spanking new Apple John Wang* Department of Information and Operations Management, Montclair State University,...

The Global Economy's Next Winners What It Takes to Thrive in the Automation Age Susan Lund, James Manyika, and Michael Spence T he countries that once led the world toward economic open- ness are...

Write the algorithm for binary search and find the average case efficiency

The following accounts and December 31, 2012, balances of Georgia Optical Corporation are arranged in no particular order. Total assets, Dec 31, 2011 . . . . . . . . $ 505,000 Common equity, Dec 31,...

As the Landons' financial planner, you must adhere to the Standard of Integrity in the Code and Standards. Which of the following best describes the Standard of Integrity? It demands honesty and...

=+3. Take a completely different course of action and explain.

What role should senior managers play in systems development and procurement?

What advantages does Scrum offer to the development of this website?

Create a line graph that shows the number of severe defects on each day of the 14-day period. The x-axis should show the day number, and the y-axis should be labeled Number of Severe Defects.

Differential Analysis for Machine Replacement Proposal Flint Tooling Company is considering replacing a machine that has been used in its factory for four years. Relevant data associated with the...

A soft drink company has three bottling plants throughout the country. Bottling occurs at the regional level because of the high cost of transporting bottled soft drinks. The parent company supplies...

Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 8.5%, has a YTM of 7%, and has 13 years to maturity. Bond Y is a discount bond making semiannual payments. This...