huge move for Mastercard PayPass. But only works with Nexus S now? Are there a ton of phones coming to market with NFC capability?
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All Blackberry phones will have NFC soon, too, and I assume Google will push all Android manufacturers to use it.
Also FWIW, the Nokia C7 has a 'dormant' NFC chip in it.
It will be enabled in a future software update - Nokia's basically waiting for the technology to enter at least the early adoption phase. (I think that's a pity though - the C7's NFC capabilities will inevitably be drowned out by the iPhone and Android NFC-enabled handsets. Another classic example of Nokia missing the boat.)
Not really. There will be some NFC-enabled phones shipping over the next couple years, but with notable gaps. What you won't see is an NFC reader at your average (meaning not Palo Alto or Mountain View) corner pizza shop for a very long time.
This is old news in the payments world. Trial #93 (or something like that) for contactless payments.
The fact of the matter is, it's not about the handshake. It's about the infrastructure. MasterCard's infrastructure is old. That's why we need a new one, whether it uses NFC or something else (such as barcodes).