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Federal Reserve reports on barriers to NFC adoption in the US

The Federal Reserve Bank of Boston has published a summary of a June meeting of its Mobile Payments Industry Workgroup (MPIW) that sets out a number of reasons why NFC has not yet taken off in the US. It also suggests actions the workgroup could take to increase the adoption of contactless mobile payments. Participants from Verifone, Sequent, NCR, Ingenico, Giesecke & Devrient, and Gemalto took part in panel discussions during the meeting. Sessions were moderated by representatives of Loop and Validity.

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