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.

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Source: http://droidmarket.net/2011/07/14/pay-with-a-buzz-paypal-announces-nfc-support/