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Near Field Communication & The Trough of Disillusionment

New technologies are exciting. Entrepreneurs and innovators scramble to see what they can do with the next big thing and the media proclaims that everyone will be using it within months. In the real world, technology takes time to develop, bring to market and gain adoption. One such technology, near field communications (NFC), has promised easy mobile payments for the last few years. NFC so far has been more hype rather than reality. According to research firm Gartner, the hype for NFC may soon be coming to an end.

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