payment chips

Motorola announced today that it has invested an undisclosed amount in INSIDE Contactless, a world leader in contactless payment chips and near field communications (NFC) technologies for mobile devices. These technologies allow for secure payments and interactive advertising on mobile devices, an important factor in a future that demands greater mobile device versatility.

This kind of technology will allow users to make instant purchases simply by waving their phones near an NFC reader. Managing director of Motorola Ventures Reese Schroeder says "the days of true mobile