http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/ Engadget Comments for Nokia 6216 Classic packs NFC for contactless payments http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 5:03AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 5:16AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 6:50AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
stupid Nubz...]]>Apr 23rd 2009 8:08AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
Nice.]]>Apr 23rd 2009 5:40AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 5:54AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 6:24AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 6:44AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
I'm telling ya Engadget, you need to implement IP bans already]]>Apr 23rd 2009 7:39AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 6:49AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
FYI- You can add 400-500 for me alone.]]>Apr 23rd 2009 8:11AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
In all seriousness though, this is cool. The problem is that more than half of the US (just my off-the-cuff estimate) probably aren't responsible enough with their money for this. The same can be said for credit cards, but that hasn't stopped them.

Anyway, I'm kinda old school on this stuff. I think Credit Cards, payday loans, and similar short-term high-interest loans should be done away with as they really just take advantage of the fiscally ill-prepared.]]>Apr 23rd 2009 9:03AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 12:18PMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 11:00AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/Apr 23rd 2009 10:42AMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
Basically, the phone has a NFC chip built-in, which allows it to communicate with NFC communication devices connected to POS in selected locations, just like the VISA/MasterCard card processors. But the actual transaction is confirmed online; this is why a mobile Internet subscription is required in addition to the regular GSM service. Payment is not possible in areas without 3G coverage, as the communication doesn't work properly on basic GSM connection. In addition, the phone has an embedded cryptography chip to keep communication highly secure. So this phone is NOT the same with the RFID/other wireless/contactless payment cards out there.

ING has also created an electronic payment service accessible through an application on the phone, communicating with the bank's systems. The service behaves like a prepaid card, which you can recharge from your savings account. It was designed for small purchases (news stand, pharmacy, corner shop, movie theatre), so the largest payment allowed was around $25 and the maximum balance on the card around $100.

The cool stuff was about using NFC for other things - for example, a movie poster outside the cinema could include a NFC chip; touch it with the phone and get an instant discount before going to the ticket booth.

I chose not to join the pilot, but I did attend the presentation and had a chance to fiddle with the system. If you've got questions, shoot.]]>Apr 23rd 2009 2:51PMhttp://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/http://www.engadget.com/2009/04/23/nokia-6216-classic-packs-nfc-for-contactless-payments/
And before you ask, I didn't join the pilot because:
a) mobile Internet is still a rip-off in this corner of the world;
b) the phone remained the property of the bank, carrying a hefty penalty for losing it;
c) the pilot had a mandatory minimum number of monthly transactions, while the number of NFC-enabled locations was very low;
d) the pilot had a limited duration (actually, I believe it should be ending one of these days), and the NFC payment service will be discontinued, making the NFC feature useless for an indefinite amount of time;
d) the big one - I had to either stop using my current personal phone, which meant ditching some features I was depending on because the 6212 is otherwise pretty plain and dumb, or to get used to the idea of carrying around one more mobile phone with a second mobile service subscription and solely for the NFC payments service. That's a bit too much to ask for.]]>Apr 23rd 2009 3:16PM