This boils down, for now, Google Nexus S. By bringing two devices of the same model and trigger the application of PayPal payments, data transmission - highly secure, say by the way - between the two smartphones allows you to set the value to be transferred and then complete the transaction.
On the application, which works as a widget on your smartphone, you can request or send money to another person. The user determines the amount and then close the devices. Once contact is made, simply enter the PIN to authorize the transaction. Something quite simple.
NFC allows devices to transfer closer to the values (image: play)
Engadget notes that the functionality of PayPal using the NFC technology is still very limited. Unlike Google Wallet, Google introduced a similar service in May, the beginning of service that PayPal provides no machine along the lines of a credit card to make payment with your phone.
For those who doubted that the new payment system comes to trigger Google Wallet, it is important to note that, at first, PayPal has released the service only for the Android system - you know what is the main company behind the platform.
We had nothing of the sort that Google and PayPal are testing before mainly due to security issues. How to ensure the integrity of transactions on a device so vulnerable, both from the technological point of view as a physicist, like the phone? With the arrival of the NFC this question became clearer. Each device with this chip has a security component that keeps the financial information stored locally advanced encryption, preventing major damage if the device is stolen or if it is a data network insecure.
The NFC payment system via PayPal is expected to launch in the U.S. version. In other words, we should see it in action by mid-September.
