Using Google Wallet, consumers can pay for goods in stores. At check out, mobile users simply pass or tap their phone on a merch
ant terminal and payment is transferred. Users receive an SMS text message confirmation. The Google Wallet and similar payment systems are based on ________ technology.
NFC stands for near-field communication , which consist of a set of protocols that allows two devices to exchange information.
In the examples above, the flow of information occurred from the phone (which contains the data regarding how much money you put in) and the terminal (which contains data regarding product price). By tapping the phone, the consumers initiate the exchange of information and the balance in the phone will be automatically deducted by the price in the terminal.
<span>The U.S. provided them with loans, it practiced dollar diplomacy with them, American gave them money free of charge, it rebuilt their industrial complexes.
