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NEAR FIELD COMMUNICATION AND ISIS MOBILE WALLET GRANT AVRASHOW
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INTRODUCTION Long lines Bulky Pockets Credit Cards Loyalty/Reward Cards Coupons? Go to Near Field Communication with Isis Mobile Wallet
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BACKGROUND: WHAT IS NFC AND HOW DOES IT WORK? Near Field Communication- contactless communication in short distances (within 4 inches) Secure, especially in crowded areas Payment Send information (File Transfer) Receive Information (Smart Posters)
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COMPARING TO BLUETOOTH Slower than Bluetooth in terms of transfer speeds Faster to set up Transfer SpeedSetup TimeRadius of Use NFC0.424 Mbps<1 second~10 cm Bluetooth~2.1 Mbps~10 secondsUp to 100 m
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WHAT IS ISIS Holds credit cards, coupons, loyalty cards, concert tickets, transit passes, etc. Multiple levels of security https://www.paywithisis.com/secure.xhtml Trial runs in Salt Lake City and Austin
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ADVANTAGES Businesses receive information when you use NFC How often you purchase at the store What you purchase Help businesses with advertising Eco-friendly Slimmer pockets Quicker lines
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DISADVANTAGES Few people are willing to give the new technology a chance Not many uses in two test cities http://storefrontbacktalk.com/payment-systems/isis-revamps-its-mobile-wallet- and-its-actually-fixing-whats-broken/ http://storefrontbacktalk.com/payment-systems/isis-revamps-its-mobile-wallet- and-its-actually-fixing-whats-broken/ The app itself has many flaws Isis is working on Isis Wallet 2.0
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THE FUTURE The sky is the limit for NFC More phones have SIM cards with NFC capabilities Isis needs to improve before it can become universal
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WORKS CITED Hayes, Frank. StoreFrontBackTalk. 5 March 2013. 13 April 2013. JVL Ventures. Pay with Isis. 2013. 13 April 2013. Near Field Communication. 2013. 12 April 2013. Nosowitz, Dan. Popular Science. 1 March 2011. 13 April 2013.
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