Over the next few years, NFC will continue to change the face of mobile computing, especially in the financial payment scheme arena. Innovation will focus on human-centric interactions for monetary transactions. We have witnessed for some time, a sharp decrease in the use of cheques and the commensurate increase in the use of plastic cards. Similarly, NFC will enable the decrease in the use of contact-based cards like smart cards, and the increase of wireless transactions via smartphones and smart watches and apparel. As this is the case, a lot of the incremental innovation will immediately focus on security schemes that allow for secure transactions in systems that are insecure by their very nature.
Dr. Katina Michael, Associate Dean International at the University of Wollongong, Australia, senior member of the IEEE, plus board member of IEEE Council on RFID