The NFC movement is picking up steam, guys. Samsung and Visa, already two of the largest sponsors of the Olympic Games, will team up to provide NFC (Near Field Communications) payments during the 2012 London Olympics.
Mobile payments will be accepted through Visa’s contactless payment technology at more than 60,000 locations in London. Samsung will provide NFC enabled handsets to Visa and its own sponsored athletes. The company will also release a contactless enabled device for consumers.