and Techfirmhave signed a memorandum of understanding that will bring the two
companies together to develop a pay-by-mobile phone solution for bill
brings together JCM Global,
supplier of innovative automated transactions solutions for the banking, gaming
and retail industries, and Techfirm,
solution developer for mobile phone applications based on contactless IC technology.
companies will use their resources and experience to create a system whereby
consumers will be able to use their mobile phones to pay for purchases at
automated transaction centers that use bill validators to accept both currency
and mobile e-money. The technology could be used in a wide range of JCM
applications, from slot machines to kiosks to parking self-pay terminals.
common in many countries, such as Japan, where commuters frequently pay for
train tickets using their mobile phones. The application uses contactless IC
technology, commonly known as mobile e-money.
This is an
incredibly exciting field for JCM Global and Techfirm,” said Aki Isoi,
president of JCM Global. Given the extensive research and announced plans from
major developers, it is clear the mobile e-money technology market will grow
rapidly as Android CS technology expands and becomes more available. Consumers
use of mobile phones as digital wallets is spreading rapidly, and we have every
reason to believe this trend will continue to grow globally.”
Gartner, half of mobile
phones will use Google’s operating system for Android in 2011 to 2015.
Additionally, “Gingerbread,” the newest version of Google’s Android,
supports Near Field Communication, a technology to be used for wireless
communication between various components, such as mobile phone and other
devices. Further, Android has announced it will expand its support of NFC in