You Can't Have One W/O The Other
Payment data devices like the Wocket must team with back-office Payment Data Services that provide billing, payment, secure data encryption, decryption and record keeping solutions.
NFC (near field communication) infrastructure and chip-embedded smart-cards with pin numbers have been up-and-running in other countries for years. Smart-Cards and NFC adoption in the U.S.?
The Wocket needs to encompass NFC chip-embedded and magnetic strip Smart Card combinations. Return on NFC investment will be slow. This is the reason the U.S. has been dragging its feet. Until the U.S. government makes NFC adoption mandatory, bogus transactions, theft of IDs & personal data will proliferate.
Payment devices and back-office billing & payment services... You can't have one without the other. NXTD will continue to climb a wall of worry, until it teams-up with others working on complete E2E networking solutions. Together 21st Century penny-ante innovative networking solutions bargain, divided they beg!
The Wocket is in the early stage of development & deployment. You bet your money, you play your cards & card data holding devices. YOU take your chances. DEAL!
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