UK bank Lloyds trials NFC for simpler account authorization on your mobile

Lloyds Bank in the UK is running a small trial to see if it can speed up the regristration process for mobile banking through use of ‘tap to transfer’ near field communications technology. Instead of receiving a phone call when setting up the mobile banking app, people in the trial can authenticate their info by tapping their debit card against their contactless-enabled phone. So far, only 125 people are registered in the trial.